Exchange of krunas of Austro–Hungarian on the Territory the Kingdom Serbs, Croats and Slovenians

Exchange of krunas of Austro–Hungarian on the territory of the Kingdom of Serbs, Croats and Slovenians was being solved as a temporary measure, stamping of Austro–Hungarian krunas was ordered. Only particu­lar authorities of state organs and banks had the authorization for money stamping. As the population of the Kingdom of Serbs, Croats and Slovenians was mainly illiterate, smugglers started using postmarks in foreign languages. Seeking the way out of the then current monetary chaos, it had been decided that attaching of appropriate stamps on remaining krunas was to be executed immediately. During the stamping of krunas, 20 % of krunas submitted for stamping was being retained, allegedly on behalf of ”obligatory loan”. The Kingdom of SHS used these funds, as it was afterwards explained, ”to cover the deficits that appeared with the reconstruction of Serbia”.