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500 Ost Markių
| Issuer | Lietuvos Ūkio Bankas |
|---|---|
| Year | 1919-1920 |
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| Composition | Paper |
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| Obverse description | Bearer cheque design with the denomination numeral 500 in four ornate guilloche corners. Central text panel carries the bank name and payment obligation in Lithuanian. Two manuscript signatures appear at lower centre, identified by title as Direktorius and Iždininkas. Serial number prefixed N: appears at upper left. |
|---|---|
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| Reverse description | Plain reverse with a large central rectangular panel of fine guilloche underprint in beige tones, framed by a decorative multi-layered border in alternating red and green guilloche wave patterns. No text or vignette is present. |
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| Comments |
Lietuvos Ūkio Bankas — the Lithuanian Agricultural Bank — issued this note during the brief window when German Ostmark currency was still legally tolerated in Lithuania alongside the newly introduced Auksinas. The decision to denominate in Ostmarks rather than the emerging national currency reflects the economic chaos of the transition period: the Ostmark had circulated in German-occupied Lithuania since 1915, and the population knew it. Replacing that familiarity overnight was not practical.
The Agricultural Bank itself was a quasi-commercial institution, not a central bank, which makes its note-issuing role unusual for the period.