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20 Markkaa

Issuer Suomen Pankki (Bank of Finland)
Year 1918
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Currency Markka (1860-1963)
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Reverse description A stylised tree occupies the centre of the composition, with the Finnish Arms — the Lion of Finland — positioned below. Text in Finnish appears at left and Swedish at right, with a small legal text passage running along either side of the central vignette.
Reverse lettering SUOMEN PANKKI FINLANDS BANK LAKI SUOMEN SUURIRUHTINAANMAAN RAHASTA ANNETTU HELSINGISSÄ 9P:NÄ ELOKUUTA 1877. 1§ SUOMENMAAN RAHALAITOKSEN KANTANA ON KULTA AINOANA ARVONMITTANA.
(Translation: Bank of Finland, in Finnish [left] and in Swedish [right]. [Small lettering on either side] The law on the Grand Duchy of Finland's money enacted in Helsinki on 9th of August 1877. 1§ The Finnish department of finance determines gold as the only standard of value)
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Finland declared independence in December 1917, and the civil war that followed — between the Red Guards and the White-led government — made currency production a logistical emergency. This 1918 issue was produced under those conditions, with the Bank of Finland operating under government authority that was itself contested for much of the year.

The Pick 38 series is notable for the range of signatures found across the series, reflecting the administrative disruption of the period. Distinguishing signature combinations is the primary tool for narrowing down issue timing within the 1918 printings.

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