50 Marka

发行方	Eesti Wabariigi (Republic of Estonia Treasury)
年份	1919
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形状	Rectangular
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正面铭文	EESTI WABARIIGI 5% WÕLAKOHUSTUS Tähtpäew 1 detsembril 1919 Mk. 50.— Selle ettenäitajale maksetakse 1 detsembril 1919. Eesti Wabariigi kassast Wiiskümmend marka. EESTI AJUTISE WALITSUSE NIMEL: Pääminister Rahaminister Riigikassa ülem Bons du Trésor de la République Esthonienne de 50 Mark Remboursable le 1 Décembre 1919. Reichskassenschein der Estnischen Republik über 50 Mark Zahlbar den 1 Dezember 1919.
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背面铭文	50 50
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备注	Estonia's Treasury issued this note in 1919, during the Independence War against both Soviet Russian and German Baltic forces — a conflict the newly declared republic was fighting on two fronts simultaneously. The financial infrastructure was improvised under pressure. Estonia had no central bank yet; the Treasury itself was issuing currency because the Bank of Estonia would not be established until 1919's end. The marka was pegged loosely to the Finnish markka at first, a practical inheritance from the currency confusion following the collapse of the Russian imperial ruble system. Pick #25 belongs to the earliest stratum of independent Estonian paper money, printed domestically under genuinely austere wartime conditions.

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