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10 Dollars Foreign Exchange Certificate
| Issuer | Bank Polska Kasa Opieki SA (Pekao) |
|---|---|
| Year | 1960 |
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| Composition | Paper |
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|---|---|
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| Reverse description | Violet-on-cream guilloche underprint covers the entire surface, with a broad vertical band of denser lattice work at centre. A central oval guilloche rosette frames the Pekao globe-and-letter logo on a white cartouche. A green circular redemption cancellation stamp appears at lower right. Two lines of small letterpress legal text run across the foot of the note. |
| Reverse lettering | PEKAO BONY TOWAROWE BANKU PKO S.A. NIE PODLEGAJĄ UMORZENIU I W ZAMIAN BONÓW UTRACONYCH BANK PKO S.A. NIE WYDAJE DOKUMENTÓW ZASTĘPCZYCH. |
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| Comments |
Bank Polska Kasa Opieki — Pekao — issued these Foreign Exchange Certificates as a mechanism to capture hard currency from Poles receiving remittances from abroad, primarily from the diaspora in the United States and Western Europe. The certificates were not freely convertible; they could only be spent at the Pewex chain of hard-currency shops, which stocked Western goods unavailable through normal socialist retail channels. This made them function less like banknotes and more like scrip tied to a parallel economy the state ran deliberately alongside the złoty.
The 1960 series predates the later Pewex expansion of the 1970s and 80s, so circulation volumes were lower. Surviving examples in any condition are less common than the later issues.