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5 000 000 Marks
| Issuer | Polska Krajowa Kasa Pożyczkowa |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | POLSKA KRAJOWA KASA POŻYCZKOWA PIĘĆ MILJONÓW MAREK POLSKICH WARSZAWA, DNIA 20. LISTOPADA 1923 ROKU DYREKCJA POLSKIEJ KRAJOWEJ KASY POŻYCZKOWEJ PAŃSTWO POLSKIE BIERZE NA SIEBIE ODPOWIEDZIALNOŚĆ ZA WYMIANĘ NINIEJSZEGO BILETU NA PRZYSZŁĄ WALUTĘ POLSKĄ WEDŁUG STOSUNKU, KTÓRY DLA MAREK POLSKICH UCHWAŁĄ WŁADZE USTAWODAWCZE MILJONÓW |
| Reverse description | The reverse is printed in dark brown, divided into two panels. The left panel carries a vignette of the Polish eagle within a wreath, with the inscription 'MAREK POLSKICH' and large numeral '5' below, accompanied by 'MILJONÓW'. The right panel is enclosed within a heavily ornate guilloche border and bears the issuer name and denomination at the top, the numeral '5000000' repeated on both sides, and a central anti-counterfeiting warning text box. |
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| Comments |
The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank, originally established under German occupation in 1916 — was still the note-issuing authority in 1923, long after Polish independence, a transitional arrangement that persisted until Bank Polski opened its doors in April 1924. By the time this note was printed, hyperinflation had rendered lower denominations functionally worthless; the 5,000,000 Mark face value, unthinkable just two years earlier, was itself obsolete within months.
The złoty reform of 1924 converted at 1,800,000 Marks to 1 Grosz, making this note worth less than three grosze at redemption.