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200 000 Zlotys

Issuer Narodowy Bank Polski (National Bank of Poland)
Year 1989
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Value 200 000 Zlotys (200 000 Złotych) (200 000 PLZ)
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Obverse lettering POLSKA RZECZPOSPOLITA LUDOWA
200000
DWIEŚCIE TYSIĘCY ZŁOTYCH
WARSZAWA, 1 GRUDNIA 1989 r.
PREZES NARODOWEGO BANKU POLSKIEGO
GŁÓWNY SKARBNIK NARODOWEGO BANKU POLSKIEGO
Reverse description Printed in olive-yellow and purple on a cream ground, the reverse carries a panoramic vignette of the historic Warsaw skyline — the Old Town with its churches, towers, and Baroque and Gothic rooflines rendered in fine intaglio line work. To the upper left, the Warsaw city coat of arms showing the mermaid (Syrenka) is set within a shield cartouche beneath the inscription WARSZAWA. The bank name NARODOWY BANK POLSKI runs across the top in a bold yellow-ochre panel, and the denomination 200000 DWIEŚCIE TYSIĘCY ZŁOTYCH is repeated along the lower margin. A vertical legal tender legend runs along the right edge.
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The 200,000 zloty note was among the highest denominations Poland had issued to that point, a direct response to the hyperinflationary spiral accelerating through the late communist and early transitional period. By 1989, the official exchange rate had become largely fictitious, and the parallel market told a different story entirely — the zloty lost roughly 640% of its value against the dollar over the course of that year alone.

The denomination itself became obsolete within a few years, rendered trivial by further inflation before the 1995 redenomination replaced 10,000 old złotych with a single new złoty.

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