10 Gulden 'Shepherdess'

Lion Cachet designed this note in the late 1930s, and it entered circulation just as Germany occupied the Netherlands in May 1940 — meaning most of its circulation life unfolded under Nazi economic administration. The occupying authorities did not immediately withdraw Dutch banknotes but used the existing currency infrastructure to extract resources, making notes like this active instruments of occupation finance whether the bank intended it or not.

Enschedé had printed Dutch banknotes continuously from their Haarlem plant for over two centuries by this point, and the quality of intaglio work on the P#56 series reflects that institutional depth. Lion Cachet, better known as a decorative artist with strong Javanese-influenced aesthetics, produced relatively few banknote designs — this series is among his most recognized work in that format.