Monetary System During IIww - Coin Community Forum

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Kreuzer Valued Member Spain 58 Posts	Posted 01/25/2008 01:54 am In my evolution as a coin collector I am now looking for information beyond the "what coin is and what is the value..", so I have some doubt about the monetary system in territories occupied by Nazis during IIWW. For example, what was the currency in Poland during 1939-1945?. I suppose that the coins before the war continued their circulation. But germans struck some 10-20-50 groszy in zinc with a similar design to the previous groszy coins (Indeed they kept the date: 1923). Moreover, krause show some holed coins in zinc of 5 and 10 Reichspfennig to be used in occupied territories. The question is, if all these were in circulation, what was the equivalence between them? Another thing, what was the value of the rest of german coins in these countries? Edited by Kreuzer 01/25/2008 01:56 am Report this Post to the Staff

Sap Moderator Australia 16837 Posts	Posted 01/25/2008 06:01 am For future reference, in English we normally call it "WWII", rather than "IIWW". The monetary system in use would depend on what, politically, happened to the territory after the Germans conquered it. Poland, for example, was split into three parts; the western part was annexed directly to "Greater Germany", and used German money. Ethnic Poles living in the west were expelled to the central section around Krakow, which became the General Government, a territory under German military rule but not formally part of Greater Germany - basically a slave state. The eastern portion of the country was annexed by the Soviets. It was presumably in the General Government that the "Polish" coins issued by Germany were intended to circulate. The frozen dates were done mainly because the coins bear the name of the "Republic of Poland", an entity the Nazis had abolished and were determined to eventually erase from history. Czechoslovakia was likewise split into three parts: the Sudetenland (annexed directly to Germany), the pro-Nazi state of Slovakia and the Czech puppet state of "Bohemia and Moravia". Other countries, such as Belgium, carried on in an almost "business as usual" fashion, with the only change being the replacement of copper and nickel with zinc. The holed Nazi German coins are military coins, intended to pay the German troops in the occupied territories with (much like the American MPC notes issued post-war). By 1942, the German military currency switched entirely to paper. Civilians in the occupied territories would have been prohibited from using this money. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
chrisild Pillar of the Community Germany 1238 Posts	Posted 01/25/2008 06:39 am quote: For example, what was the currency in Poland during 1939-1945? In those parts of the country that were annexed by Germany and the Soviet Union, the mark and the ruble respectively were used. The "Generalgouvernement" was German occupied territory but had a pseudo-autonomous status. In order to further isolate and control that area and its population, German currency was withdrawn there in 1940. That affected the "Reichskreditkassen" issues (see below) as well as the regular "Deutsches Reich" coinage. So zloty and groszy cash was brought into circulation; mostly the coins that you mentioned. The Polish pre-WW2 cash was, according to the Jaeger catalog, mostly withdrawn and replaced by new coins and notes. In the "Protectorate" Böhmen und Mähren (roughly what is now the Czech Republic) the Reichsmark was introduced in 1939. The Koruna continued to be valid, although at a fixed rate of 1 RM = 10 korun. Two years later all Czech coins except the bilingual ones were withdrawn. Interestingly, the Böhmen und Mähren coins stayed in circulation for a while after WW2, until there was a sufficient supply of newly issued coins. The pieces with the hole are Reichskreditkassen coins; they were not legal tender (and not used) in Germany but only in certain occupied countries/areas. The Reichskreditkassen issued those two holed coins, and also various notes. They had a fixed rate with regard to the local currency. The 5 and 10 Rpf coins (and also the German 1 to 10 Rpf pieces) became legal tender. Except that the nazis apparently overestimated the demand - in many areas even the German soldiers preferred the local currency ... Christian Report this Post to the Staff
chrisild Pillar of the Community Germany 1238 Posts	Posted 01/25/2008 06:47 am Hehe. I started my reply before I saw Sap's post, then had to do something else. So the second reply does not really provide much new info. Christian Report this Post to the Staff
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