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5.000 Marka
| Issuer | Tallinna Arwekoda (Tallinn Clearing House) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 5.000 Marka |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TALLINNA ARWEKOJA MAKSUTÄHT Maksutäht on arwekotta hoiule antud väärtustega täielikult kijustatud Arwekoja maksutähed wõetakse pankade poolt ühma märkide asemel vastu TALLINNA ARWEKOJA WABTSUS TALLINNAS 5000 MARKA |
| Reverse description | Log in to see details |
| Reverse lettering | TALLINNA ARWEKOJA MAKSUTÄHT 5000 Viistuhat Marka Wäljaandja TALLINNA ARWEKOJA |
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| Comments |
The Tallinna Arwekoda was not a bank in any conventional sense — it was a clearing house, and its authority to issue circulating paper currency in 1920 reflects just how fractured Estonia's monetary infrastructure was in the immediate aftermath of independence. The Estonian mark was still being assembled as a functioning currency, and quasi-banking institutions stepped into the gap.
Pick 4 is the highest denomination in the Arwekoda series, which makes surviving examples relatively scarcer than the lower values — large denominations circulated hard and were redeemed quickly once the Bank of Estonia tightened its grip on issuance.