Generally, until the 19th century, pure paper money issued by the state administration without compulsory acceptance; also known as a pay voucher. However, the fact that the voucher could be used to redeem state claims (duties; taxes) made it very similar in use to the normal paper money that could still be redeemed in precious metals at that time. – In particular, paper money issued in Prussia between 1806 and 1809 – see Treasury notes.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/