Paper money of the Königlich Bayerische Staats- und Schuldentilgungs-Commission

Contrary to other German states, the kingdom of Bavaria did not issue its own paper money to pay off its debts. An exception was the state paper money of 1866, when the Bavarian state decided this move to finance the construction of a railway and the Prussian War.

The Bavarian state government was enabled to do so by a law decreed on 4 September 1866 which made it possible to issue interest-free cash notes. Supervised by the regional parliament the royal commission for debt redemption issued cash notes at two, five and 50 guilders.

These orders for payment were considered as legal tender and had to be accepted for payment by the exchequer. On demand, they had to be changed into silver coins. After the foundation of the German Empire, the state paper money was retracted again as part of the standardisation of the financial system.

• The objects of the collection "Paper money of the Königlich Bayerische Staats- und Schuldentilgungs-Commission" available on bavarikon

The partial collections of "Paper money in Bavaria" available on bavarikon

• Bank notes of the Bayerische Hypotheken- und Wechsel-Bank
• Bank notes of the Bayerische Notenbank
• Emergency money bills of the nineteenth century
• Trans-regional emergency money issues 1918–1923
• Bavarian emergency money 1914–1923

>> This collection is part of the holdings of "Paper money in Bavaria" of the Giesecke+Devrient Stiftung Geldscheinsammlung (Giesecke+Devrient foundation: collections of bank notes).