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20 Heller Oberösterreich
| Issuer | Land Oberösterreich (Federal State of Upper Austria) |
|---|---|
| Year | 1921 |
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| Value | Log in to see details |
| Currency | Krone (1918-1921) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein des Landes Oberösterreich [paragraph, ending in 1921] [position/title] [signature] [position/title] [signature] |
| Reverse description | Log in to see details |
| Reverse lettering | 20 20 Gutschein d. L. Oberösterreich |
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| Comments |
Austrian Länder notgeld from this period fills enormous volumes of specialist catalogs, but the Upper Austria provincial issues of 1921 occupy a specific administrative niche — these were issued by the provincial government itself rather than by a municipality or cooperative, making them a direct instrument of regional fiscal authority during the hyperinflationary spiral that followed Austria's post-war truncation. By 1921, the Vienna government had effectively lost control of the money supply, and provincial authorities across rump Austria were printing their own small-denomination emergency notes to cover gaps left by the collapse of small coinage.
The 20 Heller denomination was among the lowest-value issues still worth printing — a measure of how badly fractional currency had evaporated from daily commerce.