100 Korun 2nd Issue

The Protectorate of Bohemia and Moravia was a German-administered puppet state carved from the remnants of Czechoslovakia following the March 1939 occupation. Its banknotes were issued by the Národní banka pro Čechy a Moravu — the National Bank for Bohemia and Moravia — a renamed and subordinated successor to the former Czechoslovak National Bank. The second issue of this 100 Korun type followed quickly on a first issue that had essentially been a stopgap, with minimal changes between them.

The korun remained the circulating currency but was pegged to the Reichsmark at a rate deliberately set to disadvantage Czech holders, enabling systematic economic extraction by the Reich.