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5 øre Holla Sparebank
| Issuer | Holla Sparebank |
|---|---|
| Year | 1941 |
| Type | Emergency banknote |
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| Obverse description | Letterpress-printed in red on thin white paper, with the issuer name HOLLA SPAREBANK rendered in a yellow underprint framed by a yellow border. The denomination 5 ØRE appears centrally alongside the year date 1941, with the note's validity inscription and a printed cashier signature below. A brief redemption guarantee clause is printed in small text at the foot of the note. |
|---|---|
| Obverse lettering | Kun omsettelig i Holla 5 ØRE 1941 HOLLA SPAREBANK (printed signature) kasserer Holla Sparebank garanterer innløsningen |
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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.