Located in an abandoned factory in the town of Oranienburg, north of Berlin, KZ-Oranienburg was one of the first camps established by the Nazis and the first, along with Lichtenburg on the Elbe, to issue paper money. Oranienburg functioned for over a year under SA control, later being administered by the SS who immediately established the Sachsenhausen-Oranienburg camp in its place. During its existence, several thousand had been incarcerated at Oranienburg.

The notes were designed by artist Horst-Willi Lipert, an early prisoner at the camp. Lippert designed the notes with a certain degree of bravery, including aspects of camp life within the detail and even scratching away at the "g" in "Konzentrationslagers" until it resembled a "y" during the printing process. The resulting "Konzentrationslayers" wording adorned many examples before the "mistake" was rectified. Images of agricultural work, industry and strong German symbols such as the Nazi eagle, armed guards and even barbed wire are present on the Oranienburg examples, which were produced in four denominations, namely 5Rpf, 10Rpf, 50Rpf and RM1.