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5 000 000 Marks

Issuer Polska Krajowa Kasa Pożyczkowa
Year 1923
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Value 5 000 000 Marks (5 000 000 Marek) (5 000 000)
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Obverse description The obverse is printed in brown on an uncoloured paper, framed by an ornate scrollwork border with foliate corner devices. At centre, a large numeral '5' vignette flanks the central text panel, which carries the denomination 'PIĘĆ MILJONÓW MAREK POLSKICH' above the issue date and the name of the issuing authority; the Polish eagle in a decorative cartouche appears at the top centre. A rectangular text box at lower centre bears a guarantee clause in Polish, and a serial number is printed at lower left.
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Reverse lettering POLSKA KRAJOWA KASA POŻYCZKOWA
PIĘĆ MILJONÓW
MAREK POLSKICH
5000000
MAREK POLSKICH
5
MILJONÓW
KTO PODRABI LUB FAŁSZUJE BILETY POLSKIEJ KRAJOWEJ KASY POŻYCZKOWEJ ALBO PUSZCZA W OBIEG LUB UŻYWA W OBROGU PODROBIONYCH LUB FAŁSZOWANYCH BILETÓW KARZE CIĘŻKIEGO WIĘZIENIA
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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.

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