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Cheques become more prevalent

During the 1920s new payment methods became more prevalent. The post giro system was established in 1920 and by 1927 cheque transactions had reached such a scale that Danmarks Nationalbank and the major banks concluded an agreement for cheque clearing at Danmarks Nationalbank's premises. The banks exchanged cheques to settle net amounts.
Picture of clearing checks

Last update: 05/13/2011

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