5 Korun

The 1953 Czechoslovak currency reform was one of the most punishing monetary resets in postwar European history. Citizens were required to exchange old notes at a rate of 50:1 for amounts above a small threshold — effectively wiping out personal savings overnight. This 5 Korun note was part of the new issue introduced on that basis, printed jointly by Goznak in Moscow and the Státní Tiskárna Cenin in Prague, an arrangement that reflected Czechoslovakia's tight postwar alignment with Soviet institutional infrastructure.

The dual-printer origin can create attribution confusion; both facilities produced portions of the series using shared specifications.