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20 Mark Allied Occupation

Issuer Allied Military Authority
Year 1944
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Value 20 Mark
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Obverse lettering ALLIIERTE MILITÄRBEHÖRDE SERIE 1944 ZWANZIG MARK IN UMLAUF GESETZT IN DEUTSCHLAND [serial #] 20 ZWANZIG MARK [serial #] IN UMLAUF GESETZT IN DEUTSCHLAND ZWANZIG MARK SERIE 1944
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Variants P#195a - 9 digit serial # with Printer's code "F" - Forbes Lithograph, Boston MA
P#195b - 9 digit serial # Without Printer's code Russian printing
P#195c - 8 digit serial # with dash with Printer's code "F" - Forbes Lithograph, Boston MA Replacement note
P#195d - 8 digit serial # with dash Without Printer's code Russian printing
Comments

The Allied Military Authority mark notes of 1944 were produced in both the United States and the Soviet Union — the US Treasury made the critical error of sharing the printing plates and ink specifications with Moscow, ostensibly to allow Soviet forces to pay their own troops in occupied Germany. The Soviets printed vast quantities without restriction, contributing directly to postwar inflation in the occupation zones and generating a windfall for Soviet personnel who exchanged their freely-printed marks for dollars at the fixed military rate.

Forbes Lithograph in Boston handled the American run. The plate-sharing arrangement was not formally acknowledged for years after the damage was done.

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