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5 Dollars Foreign Exchange Certificate
| Issuer | Bank Polska Kasa Opieki SA (Pekao) |
|---|---|
| Year | 1960 |
| Type | Log in to see details |
| Value | 5 Dollars (5 Dolarów) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Pale yellow bon towarowy (commodity voucher) with the Pekao globe logo at top centre. The denomination $5$ appears in red within an oval guilloche underprint at centre, with the Polish text legend in brown letterpress above and below. Issued date and issuing bank name printed at foot. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain yellow-cream reverse with a large watermark-style Pekao globe underprint at centre. A rectangular NBP redemption cancellation stamp in violet ink is applied at lower left, dated 22.VI.1970, with branch designation below. |
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| Comments |
Pekao's Foreign Exchange Certificates were a deliberate mechanism for extracting hard currency from Poles with access to dollar remittances — primarily emigrants sending money back from the West. The state-controlled bank issued these certificates in lieu of actual dollars, which were immediately absorbed into national reserves. Holders could spend them only at Pewex hard-currency stores, buying imported goods otherwise unobtainable through normal retail channels.
The 1960 series predates the more widely encountered later issues. Pewex itself wasn't formalized as a retail chain until 1972, so early certificates like this one were redeemable through a more limited network of outlets.