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5 Lei BGR - German Occupation

Issuer Banca Generala Romana (Romanian General Bank)
Year 1917
Type Local banknote
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Obverse lettering 5 LEI CINCI LEI 5 LEI Emise pe baza unui privilegiu special si acoperite printr-un deposit in numerar la Banca Imperiului German, Berlin Banca Generala Romana Sectia de emisie 5 LEI 5 LEI
(Translation: 5 LEI FIVE LEI 5 LEI Issued on the basis of a special privilege and covered through a cash deposit at the Bank of the German Empire, Berlin Romanian General Bank Department of issue: 5 LEI 5 LEI)
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Reverse lettering 5 BANCA GENERALA ROMANA 5 LEI 5 LEI Falsificatorii acestor bilete si cari vor fi intrebuintat bilete false, sau le vor fi introdus in tara, se vor pedepsi. 5 5
(Translation: 5 ROMANIAN GENERAL BANK 5 LEI FIVE LEI The forgers of these notes and who will use forged notes, or will have brought them into the country, will be punished 5 5)
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The Banca Generală Română was not a Romanian institution in any meaningful sense — it was a German-controlled bank established in Bucharest after the fall of the city in December 1916, created specifically to manage occupied Romanian territory's finances and extract resources for the Central Powers war effort. These notes circulated alongside, and in direct competition with, the legitimate Banca Națională a României issues that continued from unoccupied Moldavia.

Over twelve million printed for a civilian population already economically exhausted by wartime requisitioning. Postwar Romanian authorities refused to redeem BGR notes at par, treating them as instruments of occupation rather than legitimate currency.