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| 正面描述 | Intaglio portrait of Nobel Prize-winning author Henryk Sienkiewicz at centre-left, rendered in teal against a fine guilloche underprint in teal and ochre tones. The denomination numerals appear twice — in large format at upper right and along the lower left — flanked by the issuer title at top right and the issuance date at centre right. A circular vignette enclosing the Polish crowned eagle arms is set between the two facsimile signatures of the President and Chief Treasurer of the National Bank of Poland. |
|---|---|
| 正面铭文 | RZECZPOSPOLITA POLSKA PIĘĆSET TYSIĘCY ZŁOTYCH WARSZAWA, 20 KWIETNIA 1990r. PREZES NARODOWEGO BANKU POLSKIEGO GŁÓWNY SKARBNIK NARODOWEGO BANKU POLSKIEGO HENRYK SIENKIEWICZ (Translation: REPUBLIC OF POLAND FIVE HUNDRED THOUSAND ZLOTYCH WARSAW, 20 APRIL 1990 PRESIDENT OF THE NATIONAL BANK OF POLAND MAIN TREASURER OF THE NATIONAL BANK OF POLAND HENRYK SIENKIEWICZ) |
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Poland's hyperinflationary spiral in the late 1980s and early 1990s forced the NBP to issue denominations that would have seemed absurd a decade earlier — the 500,000 złoty note being among the highest face values ever printed for general circulation in Polish history. Inflation peaked at roughly 640% in 1989, the direct consequence of the communist government's wage liberalization policies collapsing under their own weight just as the political system did the same.
The note was printed domestically by PWPW, the Warsaw security printer operating continuously since 1919 — the same facility that produced documents for the Polish underground state during the German occupation. Within four years of this note's issue, the denomination was effectively worthless, rendered obsolete by the 1995 redenomination that replaced 10,000 old złotych with one new złoty.