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125 Francs
| Issuer | État du Grand-Duché de Luxembourg |
|---|---|
| Year | 1919 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Lilac on red and green guilloche underprint, the design being the German-language equivalent of the obverse. A large underprint numeral '125' in green occupies the central guilloche panel, with the denomination numerals '125' repeated in dark red at left and right. The heading 'Grossherzoglich Luxemburgischer Staat' and 'Kassenschein' appear in bold Gothic Fraktur script at the top, with the spelled-out value 'Hundert fünf und zwanzig Franken' in large Gothic type below centre. A circular red official stamp appears at lower left, with two manuscript signatures corresponding to 'Die General-Staatskasse' and 'Die Kontrolle'. The composition and ornamental border closely mirror the obverse layout. |
| Reverse lettering | Grossherzoglich Luxemburgischer Staat Kassenschein 125 auf den Inhaber Gesetz vom 28. November 1914 - Grosshz. Beschluss vom 11. Dezember 1918 Hundert fünf und zwanzig Franken Die General-Staatskasse Die Kontrolle Wer Kassenscheine nachmacht oder verfälscht, wird mit Zwangsarbeit von 15 bis 20 Jahren bestraft. (Translation: State of the Grand Duchy of Luxembourg Cash Voucher 125 to bearer Law of November 28, 1914 - Grand-Ducal Decree of December 11, 1918 One Hundred and Twenty-Five Francs The General State Treasury The Controller Those who counterfeit or falsify Cash Vouchers will be punished with forced labor for 15 to 20 years.) |
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| Comments |
The 125-franc denomination is one of the more peculiar choices in European note history — a figure that reflects the post-WWI exchange rate peg Luxembourg applied when converting German marks still circulating in the country. The value was not arbitrary: 100 marks equaled 125 francs at the official conversion rate, so this note was essentially a redemption instrument dressed as ordinary currency, issued to absorb the occupying power's money from circulation.
The irony of Giesecke & Devrient printing it in Leipzig — a German firm, in Germany, for a note designed to erase German currency — was apparently not considered an obstacle.