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10 Francs German Occupation - WWII

Issuer Grand Duchy of Luxembourg (Luxembourg)
Year 1940
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Value 10 Francs (10 LUF)
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Obverse lettering LETZEBURG ZENG FRANG 10 LETZEBURG, DEN 20.ABREL 1940
(Translation: Luxembourg Ten Francs Luxembourg, April 20th., 1940)
Reverse description Black and brown ink on green guilloche underprint. The Luxembourg coat of arms — a crowned lion rampant over a quartered shield, surmounted by a stag crest with the motto ICH DIEN — is centrally placed, flanked by two large denomination numerals '10' set within elaborate guilloche rosettes. A bilingual anti-counterfeiting warning in German and French runs along the lower margin.
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Comments

When Germany occupied Luxembourg in May 1940, the existing franc-denominated currency was retained rather than immediately replaced — a calculated move that allowed economic absorption without triggering immediate public alarm. This note, printed by Giesecke & Devrient in Leipzig, was issued under that transitional arrangement, during which the Luxembourg franc was pegged at a fixed rate to the Reichsmark and effectively subordinated to the German war economy.

By 1941, the franc was abolished entirely and the Reichsmark imposed outright. Notes from this brief occupation-issue period circulated for little more than a year before being withdrawn.

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