Independent State of Croatia - 10 kuna - year 1941

Description: The kuna is the currency of Croatia since 1994 (ISO 4217 code: HRK). It is subdivided into 100 lipa. The kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Monetary Institute.The word "kuna" means "marten" in Croatian since it is based on the use of marten pelts as units of value in medieval trading. The word lipa means "linden (lime) tree".During Roman times, in the provinces of upper and lower Pannonia (today Hungary and Slavonia), taxes were collected in the then highly valued marten skins. Hence, the Croatian word "marturina" or tax, derived from the Latin word "martus" (Croatian: "kuna"). The kuna was a currency unit in several Slavic states, most notably Kievan Rus and its successors until the early 15th century. It was equal to 1⁄25 (later 1⁄50) gryvna of silver.It has no relation to the various Slavic currencies named "koruna" (translated as kruna in Croatian) which means "crown".In the Middle Ages, many foreign monies were used in Croatia, but since at least 1018 a local currency was in use. Between 1260 and 1380, Croatian Viceroys issued a marten-adorned silver coin called the banovac. However, the diminishing autonomy of Croatia within the Croatian-Hungarian Kingdom led to the gradual disappearance of that currency in the 14th century.The idea of a kuna currency reappeared in 1939 when Banovina of Croatia, an autonomous province established within Kingdom of Yugoslavia, planned to issue its own money. In 1941, when the Ustaše regime formed the Independent State of Croatia, they introduced the Independent State of Croatia kuna. This currency remained in circulation until 1945, when it – along with competing issues by the communist Partisans – disappeared with the establishment of FPR Yugoslavia and was replaced by the Yugoslav dinar. During the existence of the Independent State of Croatia (ISC) the official currency was Kuna ( 1 Kuna = 100 Banica). Then the series of banknotes was issued by the Ministry of national economy, the State Treasury and the Croatian National Bank. The ISC-Kuna and the Kuna of the Republic of Croatia were printed by the same printing company, e.g. Giesecke & Devrient in the German city of Leipzig. On the 26th May 1941 Kuna was officially put into circulation in the ISC and at the same time there was German Reichsmark (till the 23rd August 1941) and Italian Lira (till the 31st December 1941) in circulation. After these dates Kuna was the only official means of payment in the ISC. The Kuna banknotes were put into circulation as follows: 50.00; 100.00;500.00 and 1,000.00 Kn on the 26th May 1941; 10.00 Kn on the 30th August 1941; 50 banica, 1 Kn and 2 Kunas on the 25th September 1942; 5,000.00 Kn on the 15th July 1943; 1,000.00 and 5,000.00 Kn on the 1st September 1943. In addition to these banknotes, the banknotes of 10,000.00 and 50,000.00 Kn should have been put into circulation. The printing proof of a 10.000,00 banknote was made on the 1st September 1943 (the only known copy can be found in the Leipzig Museum) and the bill of 50.000,00 Kn had been prepared but it was never released for printing. In the ISC there was less luck with coins; a certain amount of experimental coinage was made, and there were excellent samples of artistic design of Banica and Kuna but due to the high inflation and war situation there had never been large-scale minting and circulation. Therefore, small and drab zinc coins of 2 and 1 Kuna were minted. In addition to this, there was an unofficial gold coin of 500.00 KN and there were several types of the experimental coinage that were known. The exchange rate of Kuna against the German Reichsmark (RM) had been changed a few times: on the 26th July 1941 it was 1 RM = 20.00 KN, on the 31st December 1941 1 RM = 25.00 KN, on the 31st December 1942 1 RM = 37.50 KN, on the 31st December 1943 1 RM = 40.00 KN, on the 31st December 1944 1 RM = 80.00 KN, on the 6th May 1945 1 RM = 120.00 KN. After the collapse of the ISC the conversion rate for the Dinar of the Democratic Federal Republic of Yugoslavia was carried out in the period from the 30th July to the 9th June 1945 and it was 40.00 KN = 1 Dinar

Price: 14 USD

Location: Nis

End Time: 2023-10-07T12:16:53.000Z

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