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20 Zlotys

Issuer Narodowy Bank Polski
Year 1994
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Value 20 Zlotys (20 Złotych)
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Obverse lettering NARODOWY BANK POLSKI
DWADZIEŚCIA ZŁOTYCH
20
WARSZAWA 25 MARCA 1994 r.
PREZES
GŁÓWNY SKARBNIK
RZECZPOSPOLITA POLSKA RZECZPOSPOLITA POLSKA RZECZPOSPOLITA POLSKA
(Translation: National Bank of Poland / Twenty Zlotych / Warsaw, 25 March 1994 / President / Chief Treasurer / Republic of Poland)
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Protection description Portrait of Bolesław I Chrobry visible when held to light; Embedded vertical security thread with microtext; Repeated text "RZECZPOSPOLITA POLSKA" in a fine band on the obverse.
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The 1994 zloty series — of which this note is part — was Poland's first major redesign following the 1995 redenomination, which lopped four zeros off all values. The old 200,000-zloty note became the new 20-zloty note, a direct casualty of hyperinflation that had peaked in 1989–1990 during the turbulent transition from a command economy. PWPW, which had printed Polish currency through both communist and post-communist governments, produced the entire series domestically — an assertion of post-transition institutional capability that earlier decades could not have supported.

The security thread on this series runs as a windowed rather than fully embedded strip, a then-current European standard that PWPW adopted as it modernized its production infrastructure in the early 1990s.