Catalog
20 Korona Pápa
| Issuer | Pápa város és járás pénzintézeteinek direktóriuma |
|---|---|
| Year | 1919 |
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| Currency | Krone (1919-1926) |
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| Obverse description | Plain cream paper with an all-over underprint of stylised floral and leaf motifs printed in pale rose. The text is set in purple letterpress throughout: series designation 'B sorozat.' and serial number field upper left and right respectively, with the large heading 'Csekk' at centre, below which the denomination '20.— K, azaz Husz koronáról' is stated in bold. The issuing date 'Pápa, 1919. évi május hó 8-án.' appears in the lower text block, followed by the names of the three accepting financial institutions and the issuing directorate legend, with three manuscript signatures of the directorate members along the lower margin. |
|---|---|
| Obverse lettering | B sorozat. szám. 1919 aug. 18. Csekk 20.— K, azaz Husz koronáról, melyet alanti pénzintézetek bármelyike az átadótól fizetésképpen elfogad. Pápa, 1919. évi május hó 8-án. Pápai Takarékpénztár. Pápa városi és vidéki Takarékpénztár. Pápai Közgazdasági Bank. Pápa város és járás pénzintézeteinek direktóriuma: |
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Pápa was one of dozens of Hungarian market towns that issued improvised local currency during the chaotic interregnum following the collapse of the Austro-Hungarian monarchy and the short-lived Hungarian Soviet Republic of 1919. The issuing body — a directorate of the town's financial institutions — had no central bank mandate; it was a collective of local banks and savings associations filling a vacuum left by the near-total breakdown of national monetary infrastructure.
The embossed seal was the only security measure available under the circumstances, and it shows. Forgery was a real concern with these issues, and the directorate's authority to redeem them evaporated when the Hungarian National Army consolidated control of western Transdanubia later that year.