20 Reichsmark Reichskreditkassenschein

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.