Catalog
| Issuer | Eesti Wabariigi (Republic of Estonia) |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | EESTI WABARIIGI 5% WÕLAKOHUSTUS Tähtpäew 1 mai 1920. Mk. 200.— Selle ettenäitajale maksetakse 1 mai 1920 Eesti Wabariigi kassast Kaksade marka. EESTI AJUTISE WILITUSE NIMEL: Päaminister Rahaminister Riigisekretär |
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| Protection type | Guilloche underprint |
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| Comments |
Estonia's first independent currency, the mark, was adopted after the country declared independence in 1918 and found itself holding a worthless supply of Tsarist rubles and German occupation Ostmarks. The 200 Marka denomination belongs to the earliest series issued by the fledgling republic, printed domestically under severe postwar resource constraints — which shows in the relatively simple security architecture of the series.
The guilloche underprint was the primary anti-counterfeiting measure, a thin defense by contemporary standards. Estonia would abandon the marka entirely in 1928, replacing it with the kroon at a rate of 100 marka to 1 kroon.