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20 Kruna

Issuer Kingdom of Serbs, Croats and Slovenes
Year 1919
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Reference(s) P#7
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Reverse description The Hungarian-language reverse of the underlying Oesterreichisch-Ungarische Bank note, inscribed Bécs 1913 Január 2-án, bears a violet oval control stamp applied during the Yugoslav revalidation. The left panel presents the Hungarian coat of arms within a finely engraved vignette alongside the bank name 'OSZTRÁK MAGYAR BANK' in bold letterpress, while the central field carries the large denomination text 'HUSZ KORONA' above the subsidiary legend 'TÖRVÉNYES ÉRCZPÉNZT'. A second female portrait in an oval frame occupies the right panel, surrounded by a fine guilloche underprint executed in green and rose tones.
Reverse lettering HUSZ KORONA
TÖRVÉNYES ÉRCZPÉNZT
AZ OSZTRÁK-MAGYAR BANK EZEN BANKJEGY ÉRTÉKÉT BÁRKI SAGÁRA AZONNAL LEFIZETI BÉCSI ÉS BUDAPESTI FŐINTÉZETÉNÉL
BÉCS 1913 JANUÁR 2-ÁN
OSZTRÁK MAGYAR BANK
A BANKJEGYEK UTÁNZÁSA A TÖRVÉNY SZIGORÁVAL BÜNTETTETIK
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Comments

This note was not newly printed — it is a converted Austrian Kronen note, overstamped for use in the newly proclaimed Kingdom after the collapse of Austria-Hungary in 1918. The Yugoslav authorities needed a circulating currency immediately and had neither the time nor the infrastructure to print their own. Stamping existing Austro-Hungarian notes was the practical solution, however imperfect.

The conversion process was politically charged. Stamping was meant to prevent an uncontrolled flood of old imperial currency from destabilizing the new state's finances, but enforcement was uneven across the former empire's fragmented territories.

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