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20 Dollars Foreign Exchange Certificate

Issuer Bank Polska Kasa Opieki SA (Pekao)
Year 1960
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Shape Rectangular
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Obverse description Green and cream bon towarowy (commodity voucher) with the Pekao globe logo at top center and bold Latin title inscription across the upper field. A central guilloche oval vignette carries the denomination $20$ in red, below which the value in words appears in large capitals. Issuer name and Warsaw date line printed at foot.
Obverse lettering PEKAO
BON TOWAROWY
Upoważniający do pobrania towarów eksportu wewnętrznego wartości
$20$
DWUDZIESTU DOLARÓW
BON TOWAROWY MOŻE BYĆ ZREALIZOWANY JEDYNIE W DRODZE POBRANIA TOWARÓW EKSPORTU WEWNĘTRZNEGO W JEDNYM Z PUNKTÓW SPRZEDAŻY BANKU POLSKA KASA OPIEKI S.A.
Bank Polska Kasa Opieki SA
WARSZAWA, DNIA 1 STYCZNIA 1960 R.
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Comments

Bank Polska Kasa Opieki — Pekao — issued these Foreign Exchange Certificates as part of Poland's effort to capture hard currency held by Poles abroad, primarily the American diaspora sending remittances home. Introduced under the communist government's Pewex system, the certificates functioned as a controlled substitute for dollars: recipients in Poland could spend them at Pewex hard-currency shops for imported goods unavailable through normal retail channels, but could not legally convert them back into foreign cash.

The 1960 series predates the better-known 1969 redesign. Earlier issues are considerably scarcer in collector holdings, as fewer remittance transactions were processed in the program's initial years.

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