Československé státovky tzv. I. emise

The text deals with the forming process of the Czechoslovakian currency in period after the declaration of Czechoslovakian independent state in 1918. The healthy Czechoslovak currency could be established thanks to capable Czechoslovak finance minister Dr. Alois Rasin by seclusion from the inflationary Austrian-Hungarian currency. Between 1919 and 1920 the first nine denominations of the first issued bank notes were printed in various print houses, issued and named the Czechoslovak koruna (Crown, Kc). The study widely describes problems related to security of the paper notes.