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| 正面铭文 | 50 Fünfzig Pfennige Gutschein der Städte Ruhla Ruhla, den 1. Mai 1920. Die Stadtgemeindevorständе. Gültig bis 31. Dezember 1921. |
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| 背面铭文 | 50 PF Die Geagend schier ea Paradies, D'n Rühlern öhr Geschiek unn Fließ, Daos macht seeit allerich wohl bekaant De Ruhl in naoh unn fernen Laand. |
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Ruhla's 1920 Notgeld issue belongs to the enormous wave of small-denomination emergency currency that flooded Germany during the post-WWI coin shortage — by mid-1920, hundreds of municipalities were printing their own 50 Pfennig notes simply because Reichsmünzen had vanished from everyday commerce, hoarded or melted. Ruhla itself was a small Thuringian town with a well-established watchmaking and metalworking industry, though that industrial character had no bearing on who authorized this issue.
The two signatories — Herb. Hoppert and König — were almost certainly local municipal officials, a common arrangement under which the Bürgermeister's office underwrote redemption rather than any banking institution.