HVB Stiftung Geldscheinsammlung


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Paper money and its place in history

From the mid-nineteenth century onwards, paper money began to play an essential role in the currency of growing economies during the age of industrialisation.

Increasingly, coins alone were no longer equal to the rising tide of payment transactions. Precious metals were gradually phased out as currency during the twentieth century, and coins became small change.

Paper money, on the other hand, was gaining ground worldwide as legal tender.

Banknotes provide us with visible evidence of change. They document the evolving role of money in the economic and cultural history of their issuing countries. 

And that is why they belong in a museum. Collecting, preserving and safeguarding paper currency for future generations is the role of the HypoVereinsbank's banknote collecting foundation, HVB Stiftung Geldscheinsammlung.