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<p>[QUOTE="jlblonde, post: 1529311, member: 32000"]<b>Denmark Post WWII</b></p><p><br /></p><p>In July 1945, two months after the liberation of Denmark, the Danish Parliament passed an emergency law initiating a currency reform, making all old banknotes void. A small number of employees at the National Bank had clandestinely begun the production of new banknotes in late 1943. The production of new notes happened without the knowledge of the German forces located at the bank, and by the spring of 1945 the bank's stock of notes was sufficient to initiate the exchange.[52] The law required was passed hastily on Friday 20 July and published the same day; it also closed all shops for the weekend. By Monday 23 July, all old notes were officially outlawed as legal tender and any note not declared in a bank by 30 July would lose its value. This law allowed any Dane to exchange a total of 100 kroner to new notes, no questions asked. An amount up to 500 kroner would be exchanged, provided the owner signed a written statement explaining its origins. Any amount above this level would be deposited in an escrow account and only released or exchanged following scrutiny by tax officials examining the validity of the person's statement about the origins of this wealth. </p><p><br /></p><p><br /></p><p>[ATTACH]201260.vB[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>Denmark - 1 Ore - 1970 CS - KM #839.2</p><p>[ATTACH]201261.vB[/ATTACH][ATTACH]201262.vB[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="jlblonde, post: 1529311, member: 32000"][b]Denmark Post WWII[/b] In July 1945, two months after the liberation of Denmark, the Danish Parliament passed an emergency law initiating a currency reform, making all old banknotes void. A small number of employees at the National Bank had clandestinely begun the production of new banknotes in late 1943. The production of new notes happened without the knowledge of the German forces located at the bank, and by the spring of 1945 the bank's stock of notes was sufficient to initiate the exchange.[52] The law required was passed hastily on Friday 20 July and published the same day; it also closed all shops for the weekend. By Monday 23 July, all old notes were officially outlawed as legal tender and any note not declared in a bank by 30 July would lose its value. This law allowed any Dane to exchange a total of 100 kroner to new notes, no questions asked. An amount up to 500 kroner would be exchanged, provided the owner signed a written statement explaining its origins. Any amount above this level would be deposited in an escrow account and only released or exchanged following scrutiny by tax officials examining the validity of the person's statement about the origins of this wealth. [ATTACH]201260.vB[/ATTACH] Denmark - 1 Ore - 1970 CS - KM #839.2 [ATTACH]201261.vB[/ATTACH][ATTACH]201262.vB[/ATTACH][/QUOTE]
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