Paper proper, with watermark. Printed on both sides only the main layers (no subprinting) but the color shade is different from the final one - typical green of this issue, in the case of this print with a clear blue dominant.
Piece hand-cut from a sheet, trimmed to a format similar to a circulating banknote, i.e. 174x91 mm.
A printer's scrap of the era, possibly from a counterfeiter's workshop (?).
A curiosity to add variety to a collection of occupation money.