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100 Mark Darlehnskasse Ost

Issuer Darlehnskasse Ost
Year 1918
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Value 100 Mark
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Obverse lettering 100 DARLEHNSKASSENSCHEIN EIN HUNDERT MARK Kowno, den 4. April 1918 DARLEHNSKASSE OST Die Einlösung der Darlehnskassenscheine der Darlehnskasse Ost in Reichsmark zum Nennwert ist vom Deutschen Reich gewährleistet.
(Translation: 100 LOAN RECEIPT ONE HUNDRED MARKS Kaunas, 4th of April 1918 LOAN OFFICE EAST The redemption of the loan receipt of the loan office east in Reichsmarks at face value is guaranteed by the German Empire.)
Reverse description The reverse is printed in brown on cream paper and centres on a large numeral '100' within a decorative panel, flanked by two oval portrait medallions each containing a classical female bust in profile. The title 'Darlehnskaſſenſchein' runs across the upper portion in bold letterpress, with the Lithuanian equivalent 'Skolinamosios kasos ženklas' at lower left and the Latvian equivalent 'Aiſdewu kaẜes ſihme' at lower right. Anti-counterfeiting warning texts appear in German at the top and in Lithuanian and Latvian in the lower panels, with the serial number printed vertically in both side margins.
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Darlehnskasse Ost was a German military loan bank established specifically to manage currency in the occupied eastern territories during World War I — a financial instrument of the Ober Ost administration rather than a standard central bank. The notes it issued were never legal tender in Germany proper, circulating only within the occupied zone spanning Lithuania, Courland, and parts of Belarus. This separation was deliberate: Berlin had no intention of allowing eastern occupation currency to drain back into the Reich's already strained money supply.

The 1918 dating places this note in the final year of German eastern occupation, issued well after the Treaty of Brest-Litovsk theoretically ended hostilities with Russia but while German military administration still controlled the region. Withdrawing forces left substantial quantities of Darlehnskasse notes behind.

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