1920's Austrian Netgeld currencyFrom 1920s Austria. Notgeld refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state produced money is not available from the central bank.
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From 1920âs Austria. Notgeld refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank.