Lot #225
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Germany - Lot of 20 "Notgalds" banknotes - 1920s-30s - F-AU
Germany – Lot of 20 "Notgalds" banknotes – 1920s-30s – F-AU
Special money issued by various local authorities as well as NGOs between 1914 and 1924.
Germany and other countries due to the crisis, lack of cash and hyperinflation – due to the fact that the money was not issued by the central bank – they issued these bills privately but, according to national law, they were legal tender. However, they have become an accepted means of payment in their territory