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20 Zlotys WW2 Polish Government in Exile

Issuer Bank Polski
Year 1939
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Currency Second Zloty (1924-1949)
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Reverse lettering DWADZIEŚCIA ZŁOTYCH / BILETY BANKU POLSKIEGO SĄ PRAWNYM ŚRODKIEM PŁATNICZYM W POLSCE / THOMAS DE LA RUE & CO. LTD, LONDYN
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Protection description Watermark visible in the left margin area of the note.
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Comments

Bank Polski had evacuated its gold reserves and senior staff westward in September 1939 before the Germans reached Warsaw. This note was designed and printed in London — by Edmund Dulac, the Franco-British illustrator better known for postage stamps and book illustrations — as currency for a government that had no territory to circulate it in. Vacek's engraving brought a level of technical refinement that arguably exceeded anything Bank Polski had issued domestically.

Actual distribution was extremely limited. Some notes reached Polish Armed Forces in the West; the majority remained in storage. The 1939 series was never legal tender in liberated Poland, the communist government having established its own monetary authority in the interim.

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