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20 Lire Cassa Veneta dei Prestiti

Issuer Cassa Veneta dei Prestiti
Year 1918
Type Local banknote
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Obverse lettering BUONO DI CASSA DA VENTI LIRE CASSA VENETA DEI PRESTITI 2 GENNAIO 1918 VENTI LIRE I BUONI DI CASSA DEVONO VENIR ACCETTATI DA CHIUNQUE PER L'INTERO LORO VALORE NOMINALE
(Translation: CASH VOUCHER FOR TWENTY LIRE VENETIAN BANK FOR LOANS 2 JANUARY 1918 TWENTY LIRE CASH VOUCHERS MUST BE ACCEPTED BY ANYONE FOR THEIR FULL NOMINAL VALUE)
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Reverse lettering VENTI LIRE SARANNO PUNITI I FABBRICATORI DI BUONI DI CASSA FALSI, CHI LI USA, E CHI, AVENDOLI RICEVUTI PER VERI, LI RIMETTE IN CIRCOLAZIONE DOPO CONOSCIUTANE LA FALSITÀ CASSA VENETA DEI PRESTITI
(Translation: TWENTY LIRE THE MANUFACTURERS OF FALSE CASH VOUCHERS, THOSE WHO USE THEM, AND THOSE WHO, HAVING RECEIVED THEM AS GENUINE, PUT THEM BACK INTO CIRCULATION AFTER HAVING DISCOVERED THEIR FALSITY, WILL BE PUNISHED. VENETIAN BANK FOR LOANS)
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Comments

The Cassa Veneta dei Prestiti was an Austrian military finance institution established specifically to manage currency circulation in the occupied Veneto following Italy's catastrophic defeat at Caporetto in October 1917. These notes were denominated in Italian lire rather than kronen — a deliberate policy choice to ease acceptance among a hostile civilian population that had no familiarity with Habsburg currency and no reason to trust it.

The arrangement was short-lived. Austria's collapse in November 1918 left the notes in legal limbo, and the Italian government subsequently redeemed them at par, a decision that was far from guaranteed at the time of issue.

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