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50 Heller Kühnring

Issuer Gemeinde Kühnring (Municipality of Kühnring)
Year 1920
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Shape Rectangular
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Reverse lettering Durch den Erlaß der n. ö. Landesregierung vom 11. Juni 1920, betreffend das Verbot der Herausgabe von Kassenscheinen, hat dieser Schein seine Eigenschaft als Notgeld eingebüßt, dient nur Sammlerzwecken und wird nicht eingelöst.
Kühnring, im Juni 1920.
Karl Ledermann Johann Beser
Bgmst.
Signature(s) Karl Ledermann and Johann Beser
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Comments

Kühnring is a small village in Lower Austria, and like hundreds of similar communities, it issued its own emergency money — Notgeld — in the early 1920s when small-denomination coinage had effectively vanished from circulation. The Austrian state could not produce enough coin to meet everyday transactional needs in the wake of the collapsed Habsburg economy, leaving municipalities to fill the gap themselves.

Karl Ledermann and Johann Beser, who signed for the commune, were almost certainly local officials rather than banking professionals. The Gemeinde assumed both the issuing and redemption liability — a precarious arrangement that worked only because the notes rarely traveled far.

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