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10 Dollars Foreign Exchange Certificate

Issuer Bank Polska Kasa Opieki SA (Pekao)
Year 1960
Type Exchange certificates
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Obverse lettering PEKAO
BON TOWAROWY
Upoważniający do pobrania towarów eksportu wewnętrznego wartości
$10$
DZIESIĘCIU DOLARÓW
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.
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Reverse lettering PEKAO
BONY TOWAROWE BANKU PKO S.A. NIE PODLEGAJĄ UMORZENIU I W ZAMIAN BONÓW UTRACONYCH BANK PKO S.A. NIE WYDAJE DOKUMENTÓW ZASTĘPCZYCH.
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Comments

Bank Polska Kasa Opieki — Pekao — issued these Foreign Exchange Certificates as a mechanism to capture hard currency from Poles receiving remittances from abroad, primarily from the diaspora in the United States and Western Europe. The certificates were not freely convertible; they could only be spent at the Pewex chain of hard-currency shops, which stocked Western goods unavailable through normal socialist retail channels. This made them function less like banknotes and more like scrip tied to a parallel economy the state ran deliberately alongside the złoty.

The 1960 series predates the later Pewex expansion of the 1970s and 80s, so circulation volumes were lower. Surviving examples in any condition are less common than the later issues.

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