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20 Korun Československých

Issuer Republika Československá
Year 1953
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Value 20 Korun Československých
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Obverse lettering REPUBLIKA ČESKOSLOVENSKÁ
20
DVACET KORUN
ČESKOSLOVENSKÝCH
PRAHA 25. ÚNORA 1953
MINISTR FINANCÍ
PADĚLÁNÍ SE TRESTÁ PODLE ZÁKONA
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Reverse lettering 20
DVACET KORUN
ČESKOSLOVENSKÝCH
STÁTNÍ TISKÁRNA CENNÝCH PAPÍRŮ, PRAHA
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This note was issued as part of the 1953 monetary reform — one of the most brutal currency conversions in postwar European history. Savings held in older denominations were exchanged at punishing rates, in some cases as severe as 50:1, effectively wiping out private savings accumulated since the war. The reform was openly designed to eliminate economic independence among the non-party population and consolidate financial control under the newly hardened Stalinist state.

Státní tiskárna cenin, the state security printing works in Prague, produced the entire 1953 series domestically — a deliberate policy shift away from Soviet-era dependence on foreign printers. Mošůtek's engraving work on this series is technically assured.

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