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| Issuer | Hauptverwaltung der Reichskreditkassen (Main Administration of the Reich Credit Banks) |
|---|---|
| Year | 1939-1945 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio print over a brown and dark green guilloche underprint, with a vignette of a kerchiefed woman positioned at right. Series and serial designations appear at bottom centre, accompanied by an embossed seal of the Reichskreditkassen Hauptverwaltung, while fine ornamental letterpress borders frame the composition throughout. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Reichskreditkassenscheine were not ordinary German currency. They were occupation scrip, issued specifically for use in territories under German military control — designed to extract local goods and labor without drawing on Reichsmark reserves held inside Germany itself. The 50 RM denomination was among the higher values in this series and would have circulated in occupied France, Belgium, the Netherlands, Poland, the Soviet Union, and elsewhere depending on campaign chronology.
Allied authorities declared the notes void after liberation, leaving enormous quantities worthless almost overnight. Surviving examples frequently turn up with cancellation stamps, local bank markings, or hastily applied overprints from post-liberation administrations — each one a small forensic record of where the note ended up.