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Interesting WWII German Payment

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Freedom's Avatar
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 Posted 10/10/2011  1:31 pm Show Profile   Bookmark this topic Add Freedom to your friends list Get a Link to this Message Number of Subscribers
My uncle brought this home with him from WWII. I do not know where he found it and do not really want to. The history behind this note is that Hitler directed all Banks/Financial institutions that were under his command, to pay all soldiers with a check which they would cash for currency. This check has an endorsement on the reverse showing that indeed it was issued and cashed by a member of the German Army. The person who authenticated the note could only trace it to its point of origin but was unable to authenticate the signature. If somebody has something else or different to add, I would love to have the input. It could very well be that the person who gave me the information might have made a mistake.



Interesting-WWII-German-Payment


Interesting-WWII-German-Payment
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schmidty's Avatar
United States
677 Posts
 Posted 01/02/2012  10:16 pm  Show Profile   Bookmark this reply Add schmidty to your friends list Get a Link to this Reply
According to the info I have, the information you were provided is incorrect.

Here's what World War II Remembered (Schwan and Boling - 1995) says:


Quote:
A group of little-known and seldom encountered notes called vaglia stampigliate was issued by local banks in Italy at the time that Allied armies were invading. The vaglia stampigliate are usually called circulating checks, which adequately describes their use and appearance. In many ways they look like common bank checks. The fundamental differences are that the values are printed on the checks and that they are not made payable to anyone, but are bearer checks that were negotiable by anyone upon presentation. The vaglia stampigliate which the Banca d'Italia was authorized to issue as an emergency currency, were made legal tender by the king's decree on 21 September 1943.


It goes on to say that La Banca Commerciale Italiana was one of three "national interest banks" that covered the entire country through a string of branches. Under them in the banking hierarchy were five "public law banks" and below that were 350 small commercial banks and 100 small co-ops, "peoples", and rural banks spread around the country. A large number of these banks issued checks like this.

It is a very interesting check. Thanks for sharing it!
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