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500 Kuna

Issuer Nezavisna Drzava Hrvatska
Year 1941
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Engraver(s) Ljubo Babić
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Obverse lettering NEZAVISNA DRŽAVA HRVATSKA PET STOTINA KUNA ZAGREB 26. SVIBNJA 1941. MINISTAR NARODNOG GOSPODARSTVA
(Translation: Independent state of Croatia, Five hundred Kuna, Zagreb, 26. MAY 1941. Minister of national economy)
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Variants P#3a - Issued note
P#3s - Specimen. Red overprint: UZORAK
Comments

The Nezavisna Država Hrvatska — the Ustaše puppet state installed by the Axis powers in April 1941 — needed a functioning currency almost immediately upon proclamation. This 500 Kuna was among the first notes issued, printed by Giesecke & Devrient in Leipzig and designed entirely by Ljubo Babić, one of Croatia's most respected painters and graphic artists. Having a fine artist rather than a professional banknote engraver handle both design and engraving was unusual, and the result reflects it.

The kuna denomination itself was a deliberate political choice — the name had not been used on official Croatian currency since the medieval period.

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