In Nazi Germany, Hjalmar Schacht (Adolf Hitlers finance-minister and banker) applied a kind of labour-voucher named MEFO-bond, whose aim was to hide the rearmament program's expenditures before the Western world as the big trusts did not pay by money-transfer to each other, but bought MEFO bonds from the state and changed these bonds in closed circuit.
In Nazi Germany, Hjalmar Schacht (Adolf Hitler's finance minister and banker) introduced a type of labor voucher called MEFO-bond, whose objective was to conceal the rearmament program's expenses from the Western world, as large corporations did not exchange funds directly but instead purchased MEFO bonds from the state and exchanged them within a closed loop.