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10 Cents Foreign Exchange Certificate
| Issuer | Bank Polska Kasa Opieki SA (Pekao) |
|---|---|
| Year | 1960 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | BON TOWAROWY Bb 0080526 Upoważniający do pobrania towarów eksportu wewnętrznego wartości $0,10$ DZIESIĘCIU CENTÓW BON TOWAROWY MOŻE BYĆ ZREALIZOWANY JEDYNIE W DRODZE POBRANIA TOWARÓW EKSPORTU WEWNĘTRZNEGO W JEDNYM Z PUNKTÓW SPRZEDAŻY BANKU POLSKA KASA OPIEKI S.A. Bank Polska Kasa Opieki SA WARSZAWA, DNIA 1 STYCZNIA 1960 R. PEKAO |
| Reverse description | Plain cream-toned reverse with an all-over fine guilloche lattice underprint in grey-green. A central oval guilloche rosette carries the Pekao globe-and-letter logo in its void. A rectangular redemption cancellation stamp appears at lower right, indicating the certificate was redeemed at a Pekao branch cashier. |
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| Comments |
Pekao's Foreign Exchange Certificates were introduced in 1960 as a mechanism to capture hard currency held by Polish citizens receiving remittances from relatives abroad — primarily from the United States and Western Europe. Rather than allowing direct dollar transactions, the state funneled those funds through Pekao, issuing these certificates redeemable only at Pewex stores, the government-run hard currency retail chain. Ordinary złoty could not buy what Pewex sold.
The system was frankly coercive: recipients had little choice but to accept certificates instead of the underlying foreign currency.