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2 000 000 Zlotys

Issuer Narodowy Bank Polski (National Bank of Poland)
Year 1992
Type Standard circulation banknote
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Reverse lettering NARODOWY BANK POLSKI BANKNOTY EMITOWANE PRZEZ NARODOWY BANK POLSKI SĄ PRAWNYM ŚRODKIEM PŁATNICZYM W POLSCE SEJM KONSTYTUCYJNY 1919 r.
(Translation: NATIONAL BANK OF POLAND BANKNOTES ISSUED BY THE NATIONAL BANK OF POLAND ARE LEGAL TENDER IN POLAND CONSTITUTIONAL SEJM 1919)
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Protection type Watermark, Security thread
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By 1992, Polish inflation had been running so hot for so long that denominations once unthinkable had become routine. The 2,000,000 złoty note was a direct consequence of the hyperinflationary spiral that followed the communist-era collapse — a period in which the złoty lost the better part of its practical value within just a few years. The denomination was not exceptional for its moment; notes of 500,000 and 1,000,000 had already normalized the scale.

Poland redenominated in 1995, replacing 10,000 old złotych with 1 new złoty, which rendered the entire high-denomination series obsolete almost immediately after it was issued.

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