Reich cash receipt
In contrast to Reichsbanknotes , which were issued on credit from the bank, Reichskassenscheine were based on the credit of the state. Originally they were used to replace or replace country banknotes in thaler or guilder currency of the German federal states, which were still independent until 1871. See previous checkout instructions .
According to the Coin Act of July 9, 1873, a statutory cover was required for Reichsbanknotes over 100 marks. The issuer of the Reich Cash Notes was therefore not the Reichsbank , but the "Reich Debt Administration". This means that Reich cash bills are state paper money (a form of paper money for which there was no compulsory acceptance). Their issue was regulated for the first time on April 30, 1874 in the law regarding the issue of Reich cash receipts, including the amount of the denominations of 5, 20 and 50 marks. In the course of the liquidity crisis , its maximum value was limited to 10 marks on October 6, 1906.
They were issued according to a special country code and originally served to settle payments between the federal and regional authorities. As a result, they also ended up in the officials' “ wage bags ” and were generally accepted by the public. They were accepted without hesitation by the state and federal coffers (Reich kassen) at a rate of 1: 1 to the other means of payment denominated in "Mark". An exchange for gold marks was possible at any time until the beginning of the war at the end of July 1914, depending on the cash situation. Formally, they were not legal tender, so there was no obligation to accept them until 1914.
In the period of inflation, these banknotes also lost their value completely up to 1923, together with the Reichsbanknotes, loan notes , private banknotes and the various emergency money issues.
literature
- Jürgen Koppatz: Bank notes of the German Empire . transpress publishing house for transport, Berlin 1983.
Web links
supporting documents
- ^ Willy Ruppel: Small Reichsbanknotes Leipzig 1908, p. 60.
- ↑ Helmut Kahnt, Bernd Knorr: Old dimensions, coins and weights. A lexicon. Bibliographisches Institut, Leipzig 1986, licensed edition Mannheim / Vienna / Zurich 1987, ISBN 3-411-02148-9 , p. 397.
- ^ Matthias Wühle: Monetary and Currency Policy of the Reichsbank 1875-1914: The Transformation Process of the German Monetary Constitution , Munich 2011, ISBN 3-89975-736-X , p. 29ff.