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20 Groszy Bilet Zdawkowy
| Issuer | Polish Ministry of Finance (Ministerstwo Skarbu) |
|---|---|
| Year | 1924 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | BILET ZDAWKOWY 20 GROSZY RZECZPOSPOLITA POLSKA 1923 DWADZIEŚCIA GROSZY Warszawa, dnia 28 kwietnia 1924 r. MINISTER SKARBU Dyrektor Departamentu Obrotu Pieniężnego |
| Reverse description | Plain pale buff paper with a simple double-rule rectangular border enclosing five paragraphs of black letterpress text in Polish, setting out the legal tender status of the bilet zdawkowy, the conditions of acceptance by state treasury offices, and the schedule for redemption by the Skarb Państwa for coin or Bank Polski notes, with the exchange obligation stated to expire on 31 January 1925. The reverse carries no pictorial vignette or ornamental underprint. |
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| Comments |
The Bilet Zdawkowy — literally "change ticket" — was not a banknote in the conventional sense. These small-denomination fractional notes were issued directly by the Polish Ministry of Finance to address a chronic shortage of coin during the currency stabilization period following the 1924 złoty reform, which replaced the catastrophically inflated marka at a ratio of 1,800,000 to one.
Printed domestically in Warsaw rather than abroad, as many earlier Polish issues had been, the 1924 fractional series reflects the restored state's effort to bring monetary production fully in-house. The 20 groszy denomination circulated heavily and survivors in decent shape are genuinely uncommon.