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1.000 Marka
| Issuer | Eesti Wabariigi Ajutine Walitsus (Provisional Government of the Estonian Republic) |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 1.000 Marka |
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| Composition | Log in to see details |
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| Obverse description | Cream-toned treasury obligation note with a fine guilloche border running the full perimeter. The central text panel carries the bold legend EESTI WABARIIGI 5% WÕLAKOHUSTUS, with the denomination Mk. 1000.— stated at upper right and the issue date Tähtpäev 1 mail 1919 at upper left. A serial number in manuscript appears below the title, with multilingual marginal text in Estonian, German, French, and English along the side panels. Three manuscript signatures appear in the lower central area under the heading EESTI AJUTISE WALITSUSE NIMEL, with the titles Pääminister, Rahaminister, and Riigikassa ülem. Series designation SEERIA A appears in oval cartouches at top and bottom centre. |
|---|---|
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| Reverse lettering | SEERIA A |
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| Comments |
Estonia's Provisional Government issued this note in 1919 while the country was simultaneously fighting the Estonian War of Independence against both Soviet Russian and German Baltic forces. Currency production under those conditions was necessarily improvised — the notes were printed domestically at a time when securing foreign printing contracts was neither practical nor politically straightforward for an unrecognized republic mid-war.
The marka itself was a short-lived unit. By 1928 Estonia had replaced it with the kroon at a rate of 100 marka to 1 kroon, wiping out whatever purchasing power inflation had left. High-denomination notes like this 1,000 marka were a direct symptom of that inflationary pressure, which began almost from the currency's first day in circulation.