Notgeld was often issued as an alternative currency in Austria and Germany during World War I due to rampant inflation. It was issued not by banks but by municipalities and private institutions. The paper currency further found favor as the metal used for coins was needed instead for the war effort.
Carl Hagenbeck posing in the lion exhibit.
Friday, May 23, 2008
German inflationary war currency printed for the Hagenbeck Zoo
Posted by
Wade G. Burck
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