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5 øre Holla Sparebank

Issuer Holla Sparebank
Year 1941
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Printer Oluf Rasmussens Trykkeri, Skien, Norway
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Obverse lettering Kun omsettelig i Holla 5 ØRE 1941 HOLLA SPAREBANK (printed signature) kasserer Holla Sparebank garanterer innløsningen
Reverse description Blank reverse on plain unprinted white paper, showing only the natural texture and aging of the thin stock.
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Comments

Holla Sparebank was a small Norwegian savings institution serving the Holla municipality in Telemark. The 1941 date puts this squarely in the German occupation period, when disrupted supply chains and a shortage of Riksbank coin prompted numerous local Norwegian institutions — savings banks, cooperatives, municipalities — to issue small-denomination emergency notes. The Occupying authorities tolerated this practice rather than suppress it, as the alternative was commercial paralysis at the retail level.

Oluf Rasmussens Trykkeri in Skien was a regional printer with no specialized security printing infrastructure, which is exactly what you'd expect from an emergency issue of this kind. Forgery resistance was not the point; filling a gap in the fractional coin supply was.

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