20 Gulden

This note was printed in London for use in the Netherlands during the final phase of liberation — the Netherlands remained largely under German occupation until May 1945, and pre-positioning currency was a logistical necessity for the Allied-backed restoration of civil administration. De La Rue produced several denominations for this purpose, with the plates prepared and struck well before they could physically reach Dutch territory.

The series is sometimes called the "bevrijdingsgulden" in collector circles, though that label is applied loosely across multiple liberation-era issues. Worth distinguishing from the contemporaneous London-exile issues of 1943, which served a different administrative function.