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100 000 Marks

Issuer Polska Krajowa Kasa Pożyczkowa
Year 1923
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Value 100 000 Marks (100 000 Marek) (100 000)
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Obverse description Brown intaglio-printed note with an elaborate guilloche border framing the entire design. Two large circular rosette vignettes flank a central text block bearing the denomination "STO TYSIĘCY MAREK POLSKICH" and the redemption pledge of the Polish State, with the numeral "100000" inscribed within each rosette. The issuer's title "POLSKA KRAJOWA KASA POŻYCZKOWA" runs along the top, the Warsaw date line and directorate inscription appear below centre, and three facsimile signatures are printed at the foot alongside the serial number repeated at left and right.
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Reverse description Green intaglio-printed design on a cream ground with a dense guilloche border and four small circular counter-vignettes in the corners each bearing the numeral "100000". A central horizontal oval guilloche panel carries the Polish State eagle — a crowned white eagle with wings displayed — set within a circular medallion, flanked by the denomination numerals. Below the central vignette an oval cartouche contains the anti-counterfeiting warning text, and the issuer's title "POLSKA KRAJOWA KASA POŻYCZKOWA" runs in an arc at the top.
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The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank — was not a central bank in any orthodox sense but a wartime financial instrument established under German occupation in 1916 to manage currency in the occupied Polish territories. It outlasted its origins considerably, continuing to issue marks well into the early 1920s as Poland struggled to assert monetary independence while hyperinflation gutted the denomination's purchasing power.

By the time this 100,000 Mark note was printed in 1923, the mark had collapsed so severely that the denomination was already near worthless. The zloty reform of 1924 terminated the series entirely, with 1,800,000 Polish marks converted to a single new zloty.