Siege money or money of necessity is a form of notgeld (emergency money) that was issued in times of war or invasion, such as during a siege. In the early modern period, it was necessary in Europe because at that time coinage had an intrinsic value and even though a town was besieged commerce had to continue and soldiers had to be paid.
Siege money or money of necessity is a form of notgeld (emergency money) that was issued in times of war or invasion, such as during a siege. In the early modern period, it was necessary in Europe because at that time coinage had an intrinsic value and even though a town was besieged commerce had to continue and soldiers had to be paid.
Source: Wikipedia "Siege money" · CC BY-SA 4.0
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