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20 Gulden
| Issuer | De Nederlandsche Bank |
|---|---|
| Year | 1926-1938 |
| Type | Standard circulation banknote |
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| Obverse description | Black print on olive underprint. The seal of De Nederlandsche Bank appears at left, with a central vignette of a sailor at the helm, known as the 'Navigator' motif. Denomination numeral '20' appears at both upper corners, with bank title and payment obligation inscriptions arranged across the face. |
|---|---|
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| Reverse lettering | 20 WETBOEK VAN STRAFRECHT ART. 208 Het namaken of vervalschen van bank ben of binnen het rijk in Europa bankbiljetten met het oogmerk uit te geven of te doen uit gevangenisstraf van ten biljetten, het uitgeven, in voorraad heb invoeren van valsche of vervalschte om ze als echt en onvervalscht geven, wordt gestraft met hoogste negen jaren. AMSTERDAM 1 APRIL 1926 (Translation: Criminal Code Art. 208 Counterfeiting or falsifying currency, importing in the Empire in Europe for the purpose of issuing it as genuine is punishable by up to the issuing, having in stock or of false or counterfeit currency and unadulterated, nine years' imprisonment. Amsterdam April 1, 1926) |
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| Comments |
De Nederlandsche Bank's P#44 ran for over a decade without a single design change — an unusually long active life for an interwar Dutch note. The period spans both the worst years of the Great Depression, during which the Netherlands clung to the gold standard longer than virtually any other European economy, and the mid-1930s deflationary crisis that forced severe domestic austerity and drove significant public distrust of institutional banking.
Joh. Enschedé en Zonen in Haarlem handled production, as they did for nearly all Nederlandsche Bank paper of this period — not Amsterdam, despite the bank's address. The long run means date and signature combinations vary considerably, and some later examples circulated into the German occupation before being withdrawn in 1941.