The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank — was a creature of the German occupation administration, established in 1916 to manage currency in the occupied Polish territories. After the Armistice it did not immediately disappear; the newly reconstituted Polish state simply continued using it as a transitional issuing authority while permanent monetary institutions were organized. This 1000 Marek note is part of that interregnum output, denominated in marks because Polish monetary infrastructure still ran on the wartime occupation framework.
The series was printed in Warsaw, unusual for a newly independent state still assembling its own technical capacity. Hyperinflationary pressure from 1919 onward meant notes like this lost purchasing power almost as fast as they were issued.
The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank — was a creature of the German occupation administration, established in 1916 to manage currency in the occupied Polish territories. After the Armistice it did not immediately disappear; the newly reconstituted Polish state simply continued using it as a transitional issuing authority while permanent monetary institutions were organized. This 1000 Marek note is part of that interregnum output, denominated in marks because Polish monetary infrastructure still ran on the wartime occupation framework.
The series was printed in Warsaw, unusual for a newly independent state still assembling its own technical capacity. Hyperinflationary pressure from 1919 onward meant notes like this lost purchasing power almost as fast as they were issued.