10 Groszy Warsaw Ghetto

The Judenrat scrip issued inside the Warsaw Ghetto was not currency in any meaningful banking sense — it was a tool of administrative control, produced under German occupation orders and redeemable only within the sealed ghetto walls. The Jewish Council had no monetary authority of its own; the issuing apparatus was imposed. Notes like this 10 Groszy denomination circulated among a population already stripped of access to Polish złoty through forced confiscation, making this paper the only practical medium of internal exchange.

By the time this series was printed in 1943, the ghetto's population had been catastrophically reduced by the Treblinka deportations of the previous year. Very few of these notes ever passed through living hands for long.