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10 Groszy Bilet Zdawkowy
| Issuer | Polish Ministry of Treasury |
|---|---|
| Year | 1924 |
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| Size | 68 × 47 mm |
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| Reverse description | Printed in brown on cream paper, the reverse carries a plain double-rule border enclosing three paragraphs of Polish legal text in letterpress, setting out the note's status as legal tender up to 10 złotych, its acceptance by the State Treasury, and the terms of its exchange for coin or Bank Polski notes, with the redemption obligation expiring on 31 January 1925. |
| Reverse lettering | Bilety zdawkowe stanowią prawny środek płatniczy, mający moc umarzania zobowiązań do kwoty 10 złotych, przy każdej wypłacie. Kasy Skarbowe przyjmują bilety zdawkowe w każdej ilości przy wszelkich wpłatach z wyjątkiem tych wpłat, które w myśl obowiązujących przepisów winny być uiszczane w złocie. Bilety zdawkowe poczynając od dnia 1 listopada 1924 r. będą wymieniane przez Skarb Państwa na monety zdawkowe względnie bilety Banku Polskiego. Obowiązek dokonania przez Skarb Państwa wymiany ustaje z dniem 31 stycznia 1925 roku. |
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| Comments |
The Bilety Zdawkowe — fractional treasury notes — were a direct consequence of Poland's catastrophic hyperinflation of 1923, which rendered low-denomination coinage economically pointless almost as fast as it could be minted. By the time Władysław Grabski's stabilization reform took hold in 1924 and the złoty replaced the marka, the state mint couldn't produce subsidiary coinage quickly enough to meet demand. These small treasury notes filled the gap.
Printed domestically by the PWPW, which had been established in Warsaw only in 1919, this was one of the earliest runs the facility produced under stable monetary conditions. The watermark is the sole security concession — practical, given the note's negligible face value.