This note has a stirringly mysterious vignette of a peasant with bundled sheaves of wheat in the background, rather haunting and ironic in effect. In reality the Germans managed to pillage most of the grain grown in Ukraine during their occupation and very little actually went to the local population.
When the Germans overran Ukraine they imposed a whole new monetary system on the country, the USSR rubles were removed from circulation at a rate of 1:1 vs the karbovnets denominated currency that they issued. The karbovnets was valued at 10:1 to the German Reichsmark. Curiously, but tellingly the Germans issued this currency with only a small amount of Ukrainian langauge text - on the bottom reverse of the note - in effect letting the Ukrainians know where they stood in the situation. The first notes prepared had all of the text in Ukrainian, but they were rejected by the German run "Central Emission Bank". One wonders why they even bothered denominating the currency in a name familiar to Ukrainians, they might just as well as referred to the new currency as marks given the presence of mostly German language on the notes.