20 Heller Klaus

Klaus is a small market town in Upper Austria, and this 20 Heller note is a product of the Notgeld wave that swept Austrian municipalities after the First World War left the country's coinage supply in near-total collapse. Paul Gerin in Vienna was one of the more prolific printers of Austrian communal emergency money during this period, producing notes for dozens of small towns that had neither the means nor the mandate to strike coin.

The Jaksc/Pick reference suffix "Ib" indicates a subvariant within the Klaus series — likely a signature or paper distinction from an otherwise identical issue.