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20 Kronen
| Issuer | Oesterreichisch-ungarische Bank |
|---|---|
| Year | 1919 |
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| Value | 20 Kronen |
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| Obverse description | This is the Hungarian-language face of the original Austro-Hungarian Bank 20 Korona note of 1913 (P#13), overprinted with the stamp 'DEUTSCHÖSTERREICH' for Austrian provisional use in 1919. At right, a vignette of a young woman in three-quarter portrait within a guilloche border; at left, the Hungarian coat of arms within an ornate frame alongside the bank title 'OSZTRAK-MAGYAR BANK' in vertical letterpress. The central denomination numeral '20' appears in red overprint above decorative guilloche rosettes, with Hungarian text stating the note is payable at the Vienna and Budapest main offices. |
|---|---|
| Obverse lettering | DEUTSCHÖSTERREICH (Translation: German Austria) |
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| Comments |
This note is the Austrian half of a fractured empire. Following the armistice and the dissolution of Austria-Hungary, the successor states scrambled to separate their currency from the common pool. The Oesterreichisch-ungarische Bank continued issuing notes into 1919 not as a going concern but essentially as a caretaker institution — the bank itself was formally liquidated in 1920, and this note predates that closure by months.
Czechoslovakia, Yugoslavia, and Romania each overprinted or stamped their allocated notes to claim them as national currency. Unoverprinted examples like this circulated in rump Austria, where hyperinflation was already accelerating toward the catastrophic levels that would follow in 1921–22.