Catalog
50 000 000 Marks
| Issuer | Polska Krajowa Kasa Pożyczkowa |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1917-1924) |
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| Obverse description | Plain cream paper note of utilitarian design, with the issuer's name POLSKA KRAJOWA KASA POŻYCZKOWA running vertically along the left margin within a narrow guilloche panel. The central text field carries the denomination inscription PRZEKAZ na Mp 50,000,000 in large letterpress type, with the full written-out value marek polskich pięćdziesiąt miljonów in italic script below. The date Warszawa, dnia 20 listopada 1923 r. appears at lower centre, with Kontrola and two manuscript signatures at lower right; a serial number and the notation Bez wartości (without value) appear at top, indicating this example is a specimen or cancelled note overprinted diagonally in red with WZÓR. |
|---|---|
| Obverse lettering | Bez wartości Nº 0315041 PRZEKAZ na Mp 50,000,000 POLSKA KRAJOWA KASA POŻYCZKOWA wypłaci okazicielowi niniejszego przekazu w każdym ze swych oddziałów w terminie do dnia 31 marca 1924 r. kwotę marek polskich pięćdziesiąt miljonów. Warszawa, dnia 20 listopada 1923 r. Kontrola POLSKA KRAJOWA KASA POŻYCZKOWA Bez wartości WZÓR |
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| Comments |
The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank, originally established under German occupation in 1916 — was still issuing currency in 1923 despite Poland having its own Treasury and central banking apparatus. By the time this 50,000,000 Mark note entered circulation, Polish hyperinflation had reached a pitch where notes of this denomination became functionally worthless within weeks of printing. The zloty reform of 1924 extinguished the entire Mark series at 1,800,000 Marks to the złoty.
High face values printed in Warsaw domestically kept pace with demand rather than stabilizing it.