20 Francs - Ingelmunster

Belgian municipal emergency notes of 1940 — known collectively as "noodgeld" — were authorized in the weeks following the German invasion in May of that year, when the collapse of normal banking channels and the flight of the National Bank's mobile cash reserves left local governments scrambling to maintain basic commercial liquidity. Ingelmunster, a small textile-industry commune in West Flanders, issued this 20 Franc note under that same emergency mandate.

The dual signatures — burgemeester A. Huyghe alongside Paul Schotte, likely in a financial or secretarial capacity — follow the authentication convention required of all such municipal issues. Many West Flemish noodgeld notes were withdrawn and destroyed once the occupation administration stabilized currency supply later in 1940, which keeps survivor populations genuinely thin.