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Life – a user's manual Part II - Boksidan

Life – a user's manual Part II - Boksidan

Life – a user's manual Part II - Boksidan

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A one crown note from 1920 and a ten crowns note from 1937. The highlighted text says that the bill can be<br />

changed into gold in the National bank. The text dissappeared on the new bills issued from 1940.<br />

Besides notes, silver and copper coins, we had gold coins in the values 5, 10 and 20 SEK. Which had about 2, 4<br />

and 8 grams gold respectively. The youngest gold coins are 20 SEK from 1925 and they aret to a large extent<br />

still in the vault of the national bank and they constitutes a part of our gold reserve.<br />

In the 1920s the prices in Germany rised in a hysterical<br />

tempo. A thing that earlier had costed one Mark costed<br />

after a while maybe 200 billion Mark. So the German<br />

national bank was continuously occupied with printing<br />

new bills with higher and higher numbers. And money<br />

sawed in the matrass became worthless.<br />

The note on the upper hand is a 20 Mark bill from<br />

February 1918, while the one on the lower hand is five<br />

years younger and it is stamped 500 000 Mark.<br />

102<br />

Or even worse when the cost of such a cheap<br />

thing as a stamp raised to 20 billion Mark.

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