East Germany 50pf-5 Marks Foreign Exchange PFX1-3Unc

These small notes are a relic of life behind the Iron Curtain. (PFX1-3) Introduced in May 1979 by the East German government, citizens were incentivised to exchange their old Deutschmarks and other foreign cash for this internal currency, so that they could purchase desirable Western consumer products in the state-run chain of stores known as Internships. We offer a set of 3 values, the 50 pfennig and the 1 and 5 marks in Crisp Uncirculated.
Availability: In stock
SKU: WGE5704
£17.50
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After World War 1, German needed to pay reparations. In the immediate aftermath of the war the German economy was ravaged by rampant hyperinflation Attempts were made to bring the economy back from the brink. In 1933 foreign payment transactions were heavily controlled to stop capital flight. Notes were issued which were not valid as currency but were regarded more as securities. This scrip was controversial when viewed in regard to emigrating Jews. They were required to pay a heavy tax to take assets abroad and any remaining assets were converted into Konversionskasse Bonds. Theoretically these could be converted at a later date but in reality this never happened . We offer Uncirculated examples of the 5 Reichsmark Konversionskasse scrip dated 1933 (P199) They have all be cancelled by way of perforation.
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A charming quartet of notes from the island of Sri Lanka. Our set comprises the 10,20,50, 100 rupees dated between 1995 and 2006 (P108-11). A colourful group with illustrations on the fronts, including a stone Chintze dog, a carved mask, a man in an ornate hat, and a decorated pot. The backs, all printed in the vertical format, illustrate various flowers and birds, important buildings and monuments, and tea pickers. A wonderful colourful set in Crisp Uncirculated.
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