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20 Reichsmark Reichskreditkassenschein

Issuer Hauptverwaltung der Reichskreditkassen
Year 1940-1945
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Currency Reichskreditkassenschein Mark (1940-1945)
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Reverse description The reverse is executed in dark brown and olive tones over an intricate guilloche background, with vertical side panels inscribed 'Reichsmark' in Gothic script. The numeral '20' appears in large underprint at left and right of centre, flanking a central intaglio vignette of the Brandenburg Gate viewed from the west, with the Quadriga visible above the attic. A single line of Gothic anti-counterfeiting text runs along the lower margin.
Reverse lettering Zwanzig Reichsmark Geldfälschung wird mit Zuchthaus bestraft
(Translation: Twenty Reichsmarks Counterfeiting is punishable with prison)
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Reichskreditkassenscheine were not Reichsmarks in the conventional sense — they were occupation scrip, issued by the Reichskreditkassen (Reich Credit Offices) specifically for use in German-occupied territories. This 20 RM note circulated wherever the Wehrmacht advanced: France, Belgium, the Netherlands, Greece, the occupied East. Local populations were compelled to accept them, effectively obliging conquered economies to finance German military expenditure with paper backed by nothing but occupation authority.

The series ran from the Polish campaign through to 1945. Notes that survived did so largely outside Germany, which is why they turn up more frequently in Western European collections than domestic ones.

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