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2 Kroner Stord Herad

Issuer Stord Herad (Stord Municipality)
Year 1940
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In circulation to 1 March 1941
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Obverse lettering Stord Herad gjev trygd for Tvo kroner Stord formannskap 1940.
(Translation: Stord Herad provide insurance for Two kroner Stord chairmanship 1940.)
Reverse description At the outbreak of the German occupation in 1940, Stord municipality, like many other Norwegian localities, found itself isolated from the national banking system. To address the resulting currency shortage, the municipal council authorised the issuance of these local emergency notes, known as "Trygdesetlar", in denominations of 1, 2, 5 and 10 kroner, redeemable until 1 March 1941.
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Stord Herad was one of dozens of Norwegian municipalities forced to issue emergency paper money following the German occupation in April 1940, when the disruption to normal banking channels created acute small-denomination shortages. These kommunale sedler — municipal notes — were a decentralized response to a centralized crisis, authorized locally and redeemed locally, with no national backstop.

Stord, a coastal municipality in Hordaland, issued this 2 Kroner note as a purely functional stop-gap. Most municipal issues from 1940 had very short circulation lives; once Norges Bank reestablished supply chains under occupation conditions, local authorities were instructed to redeem and destroy outstanding stock. Survival rates vary significantly by municipality.

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