50 Korun

The National Bank for Bohemia and Moravia was the occupation-era institution established by the Reich in 1939 to replace the Czechoslovak National Bank — a bureaucratic erasure dressed as administration. This 1944 issue came late in the Protectorate's existence, printed by Státní tiskárna cenin at a moment when the Reich's war position was already collapsing. Notes issued this close to the end of the occupation had short practical lives; liberation in May 1945 triggered rapid currency reorganization under the restored Czechoslovak state.

Fojtášek and Schmidt had both worked on earlier Protectorate issues, giving the series a degree of visual continuity that masked increasingly constrained wartime production conditions.