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2 Karbowanez
| Issuer | Zentralnotenbank Ukraine |
|---|---|
| Year | 1942 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ZWEI KARBOWANEZ Ausgegeben auf Grund der Verordnung vom 5. März 1942 ROWNO, den 10. März 1942 ZENTRALNOTENBANK UKRAINE |
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| Reverse lettering | ZENTRALNOTENBANK UKRAINE ZWEI KARBOWANEZ GELD-FÄLSCHUNG WIRD MIT ZUCHTHAUS BESTRAFT ФАЛЬШУВАННЯ ГРОШОВИХ ЗНАКІВ КАРАЄТЬСЯ ТЯК-КОЮ ТЮРМОЮ ДВА КАРБОВАНЦІ ЦЕНТРАЛЬНИЙ ЕМІСІЙНИЙ БАНК УКРАЇНИ |
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| Comments |
The Zentralnotenbank Ukraine was a German occupation institution established in 1942 specifically to manage currency in the Reichskommissariat Ukraine. It had no meaningful independence — monetary policy was dictated entirely from Berlin, and the karbowanez was pegged to the Reichsmark at a rate designed to facilitate extraction of resources rather than support local economic life. The name "karbowanez" was borrowed from the pre-Soviet Ukrainian term for the hryvnia's predecessor, a deliberate nod to Ukrainian national sentiment that cost the occupiers nothing.
Bundesdruckerei produced the entire series under its wartime designation as Reichsdruckerei. The 2 Karbowanez was among the lower denominations; inflation driven by German requisitioning and wartime disruption quickly eroded the purchasing power of small notes like this one.