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5 Korun

Issuer Protektorat Böhmen und Mähren (Protektorát Čechy a Morava)
Year 1940
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Size 130 × 63 mm
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Obverse description The obverse is printed in blue-green and pale tones, with a central text panel enclosed within multiple decorative borders and guilloche frames. The denomination is expressed bilingually in German and Czech — 'Fünf Kronen' and 'Pět Korun' — with the issuing authority inscription 'Protektorat Böhmen und Mähren / Protektorát Čechy a Morava' above. To the right, an intaglio vignette presents a portrait of a young woman with curled hair set within an oval frame, with the numeral '5' repeated in the corners; the anti-counterfeiting warnings in both languages appear at the lower centre.
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Reverse lettering Protektorat Böhmen und Mähren
fünf
5
Kronen
PĚT
5
KORUN
PROTEKTORÁT
ČECHYA MORAVA
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The Protectorate of Bohemia and Moravia was a German-administered entity carved from the rump of Czechoslovakia after the March 1939 occupation, and its banknotes were deliberately designed to signal administrative continuity rather than rupture — the Czech-language text remained, but the issuing authority now answered to Berlin. This 5 Korun belongs to the first issue of Protectorate currency, introduced in 1940 to replace National Bank of Czechoslovakia notes still circulating from before the occupation.

The Koruna was pegged to the Reichsmark at a rate widely regarded as punitive — 10 Korun to 1 Reichsmark — effectively transferring wealth out of the Protectorate from the moment of issue.