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Notgeld is a german term for emergency money or necessity money. It usually refers to money make by an institution in a economic or political crisis. The issuing institution is usually one without official sanction from the government. Notgeld printing usually occurs when too few state-produced money is available from the central bank. In particular, Notgeld generally refers regularly to money produced in Germany and Austria during World War I and the interwar period. Issuing institutions could be a town's savings banks, municipalities and private or state-owned firms. Many issues contained an expiration date, after which time they were unusable. Issues without dates usually had an expiry announced in a newspaper or at the place of issuance.

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