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500 Markkaa
| Issuer | Bank of Finland |
|---|---|
| Year | 1956 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Markka (1860-1963) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | VIISISATAA MARKKAA SUOMEN PANKKI (Translation: Five Hundred Marks Bank of Finland) |
| Reverse description | Log in to see details |
| Reverse lettering | SUOMEN PANKKI VIISISATAA MARKKAA FINLANDS BANK FEMHUNDRA MARK (Translation: Bank of Finland Five Hundred Marks Finlands Bank Five Hundred Marks) |
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| Comments |
Finland's central bank has printed its own notes since the nineteenth century, making it one of the few institutions in Europe to have maintained in-house production nearly without interruption. The P#96 500 Markkaa belongs to the postwar period when the markka was still recovering from the severe inflation triggered by war reparations paid to the Soviet Union — Finland delivered goods worth roughly $300 million USD between 1944 and 1952, a process that restructured Finnish industry but gutted currency stability.
By 1956 the markka had been redenominated once and would be again in 1963, when 100 old markka became 1 new markka, effectively making this 500 Markkaa note equivalent to just 5 uusien markkojen upon conversion.