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20 Francs

Issuer Grand-Duché de Luxembourg
Year 1943
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Value 20 Francs (20 LUF)
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Obverse lettering Letzeburg 20 20 Zwanzeg Frang 1943 20 20
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Reverse lettering Zwanzeg Frang Grand-Duche De Luxembourg 20 20 20
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Comments

Waterlow & Sons printed this note in London during the German occupation of Luxembourg — a remarkable logistical fact in itself. The Grand Duchy's government-in-exile authorized the issue from London while the Reich Commissariat administered the territory, meaning these notes were prepared for a liberation that hadn't yet happened.

The series was part of a broader Allied currency preparation effort timed for post-liberation monetary stabilization. Notes printed under these circumstances frequently show uneven distribution across surviving populations, with some denominations far scarcer than their print runs suggest.

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