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2 Kune Ministarstvo državne riznice

Issuer Ministarstvo državne riznice (Ministry of the State Treasury), Nezavisna Država Hrvatska
Year 1942
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Composition Paper
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Obverse description Plain cream paper with a simple letterpress design divided into two panels by a vertical rule. The left panel carries the series letter and numeral in red, the denomination numeral in bold black, and a red serial number at foot. The right panel bears a stylised Ustasha 'U' device above the Croatian chequerboard coat of arms, with the issuer's title and denomination in black letterpress, enclosed within a red guilloche border. A validity clause appears at the base.
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Reverse description Blank, showing only faint bleed-through of the obverse letterpress impression on plain unprinted paper.
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Comments

The Nezavisna Država Hrvatska — the Ustasha-run puppet state established under German and Italian occupation in April 1941 — stood up its own currency almost immediately, issuing kune to replace the Yugoslav dinar at a fixed exchange rate. These low-denomination treasury notes from 1942 were produced under genuine wartime constraint, and the Ministry of the State Treasury, rather than a proper central bank, served as issuer precisely because the NDH's banking infrastructure was improvised from the start.

Paper quality and print consistency vary noticeably across surviving examples, a direct consequence of wartime supply difficulties.

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