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50 000 Marks
| Issuer | Polska Krajowa Kasa Pożyczkowa |
|---|---|
| Year | 1922 |
| Type | Standard circulation banknote |
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| Obverse description | Brown and red note with elaborate guilloche borders framing the entire design. The issuer's name POLSKA KRAJOWA KASA POŻYCZKOWA is inscribed across the top, with the large numeral 50000 at centre flanked by vertical guilloche panels bearing the denomination numerals on both sides. A central cartouche contains the redemption pledge text, beneath which the place and date of issue — Warszawa, 10 Października 1922 — appear above three manuscript signatures, including that of the Skarbnik Główny. Two red underprint rosettes bearing the denomination flank the signature area at the lower centre, with PIĘĆDZIESIĄT TYSIĘCY in large letters across the bottom margin. |
|---|---|
| Obverse lettering | POLSKA KRAJOWA KASA POŻYCZKOWA 50000 MAREK POLSKICH PAŃSTWO POLSKIE BIERZE NA SIEBIE ODPOWIEDZIALNOŚĆ ZA WYMIANĘ NINIEJSZEGO BILETU NA PRZYSZŁĄ WALUTĘ POLSKĄ WEDŁUG STOSUNKU, KTÓRY DLA MAREK POLSKICH UCHWALI SEJM USTAWODAWCZY WARSZAWA, DNIA 10. PAŹDZIERNIKA 1922 ROKU DYREKCJA POLSKIEJ KRAJOWEJ KASY POŻYCZKOWEJ SKARBNIK GŁÓWNY PIĘĆDZIESIĄT TYSIĘCY |
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| Comments |
The Polska Krajowa Kasa Pożyczkowa — the Polish State Loan Bank — was a creature of the German occupation administration, established in 1916 to replace Russian currency in the occupied territories. By 1922, it was still issuing notes, but Poland's hyperinflationary spiral was already making large denominations obsolete almost as fast as they could be printed. A 50,000 Mark note that would have been a substantial sum in 1920 was worth next to nothing by mid-1923.
The series was printed domestically in Warsaw, a deliberate assertion of printing independence from the foreign contractors Poland had relied on in the immediate post-independence years.