10 Korun

Czechoslovakia's interwar banknote program was, by European standards, remarkably coherent — the young republic moved quickly to establish a credible currency after the chaotic dissolution of the Austro-Hungarian krone system in 1919. By 1927, when this 10 Korun note was issued, the koruna had already been stabilized through the 1922–23 fiscal reforms under Alois Rašín, whose assassination in 1923 ironically preceded the currency's full recovery.

Státní tiskárna cenin, established specifically to reduce dependence on foreign security printers, handled production entirely in Prague — a deliberate policy choice for a state still proving its institutional independence.