Pages tagged notgeld:

Notgeld - Pre-Inflationary German Currency - a set on Flickr

A photo collection of emergency currency issued by towns in Germany.
My wife's grandfather collected thousands of bills produced by the different towns and companies to make front to deflation first and inflation later and provide certain stability to workers and residents."Notgeld" (emergency currency) was provided by cities, boroughs, or even private companies while there was a shortage of official coins and bills.