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5 000 000 Kronen
| Issuer | Oesterreichisch-ungarische Bank |
|---|---|
| Year | 1922 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse presents a Kassenschein (cashier's note) format with the coats of arms of Austria and Hungary rendered as a background underprint. The central text block carries the full obligation clause in German blackletter script, with the denomination 5,000.000 repeated in the upper margin. The note is dated Wien, 11. September 1922, and bears the imprint of the Oesterreichisch-Ungarische Bank, Hauptanstalt Wien. |
|---|---|
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| Reverse lettering | 5,000.000 Fünf Millionen Kronen Die Verfälſchung oder Nachmachung von Kaſſenſcheinen der Bank wird geſetzlich beſtraft. |
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| Comments |
The 5,000,000 Kronen denomination belongs to the last and most extreme phase of Austrian postwar hyperinflation, when the krone had collapsed so thoroughly that notes of this face value were still barely sufficient for ordinary transactions. Austria's inflation peaked in 1922 — the same year this note was issued — before the League of Nations intervention and the Geneva Protocols of October 1922 stabilized the currency and placed Austrian finances under international supervision.
The Oesterreichisch-ungarische Bank itself was already a legal fiction by this point, issuing notes for a republic that had dissolved the empire it was chartered to serve. It was formally wound up in 1922, making this among the final emissions under that name.