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3 Koruny
| Issuer | Státovka Republiky Československé |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | 3 Koruny (3 CSK) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STÁTOVKA REPUBLIKY ČESKOSLOVENSKÉ TŘI KORUNY ČESKOSLOVENSKÉ FALŠOVANIE SA TRESTÁ PADĚLÁNÍ SE TRESTÁ 1953 |
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| Variants | P#79a - Series A, B, C, Z (Replacement notes) Printer Goznak, Moscow P#79b - Other serial # prefixes than P-79a Printer Tiskárna Bankovek, Prague |
| Comments |
The 1953 Czechoslovak monetary reform was one of the most punishing currency conversions in postwar Eastern Europe. Savings above a modest threshold were exchanged at a rate of 50:1, while wages converted at 5:1 — a deliberate act of state expropriation that wiped out accumulated private wealth overnight. This 3 Koruny státovka was issued directly under that reform, not as a transitional placeholder but as a permanent low-denomination note in the new system.
The term "státovka" — state treasury note — distinguished these issues from banknotes of the Státní banka československá, a distinction that mattered legally even if it meant little to ordinary users.