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20 Heller blue
| Issuer | Ortsgemeinde Lausa bei Losenstein (Municipality of Lausa bei Losenstein, Upper Austria) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | 20 Heller Gutschein d. Ortsgemeinde Lausa b. Losenstein. |
| Reverse description | Blue reverse dominated by a central oval text panel enclosed within a wreath of laurel and flowering branches, set against a dark floral corner-piece background. The redemption guarantee text is rendered in italic script, with the mayor's printed title and manuscript signature below. The initials 'H M' appear at the base of the central panel. |
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| Comments |
Austrian municipal notgeld from the hyperinflationary chaos following World War I. Lausa bei Losenstein is a tiny rural commune in the Steyr-Kirchdorf district of Upper Austria — the kind of community that would never have issued currency under ordinary circumstances. The Ortsgemeinde series of 1920 represents emergency local scrip produced because the central monetary system had effectively ceased to function at the small-denomination level, with coins hoarded or melted and the Vienna government unable to supply adequate fractional currency to outlying communities.
The Jaksc reference places this firmly within the documented Austrian notgeld corpus, though survivorship for village-level issues varies sharply.