The offered banknote is, in our opinion, a unique, full-fledged specimen of the 1941 issue.
The piece hereby offered is, in our opinion, a correct MODEL of the banknote with the 1941 issue date. The consecutive numbering and the single perforation MODEL.
The banknote bears a PMG certificate with a PMG 66 EPQ grade.
Selected, natural piece appreciated with the highest mark in the PMG register.
A unique item for the best collections of occupation banknotes.
In September 1939, due to the aggression of Nazi Germany against Poland, the Bank of Poland with its Government and President evacuated outside the borders of the Second Republic. In view of the lack of cash reserves, deposits in the giro accounts of the Bank of Poland were frozen. As a result of this action, private banks and savings banks could not maintain solvency, and the population lost access to their cash deposits held in accounts.
The evacuation of the Bank caused a severe gap in the Polish economic apparatus. Consequently, as early as October 1939, the economic spheres began to demand the establishment of another issuing institution to take over the duties of the Polish Bank.
When, in November 1939, the first talks took place between representatives of the Polish economic spheres and the occupation authorities on the creation of a new issuing institution, Feliks Młynarski put forward the demand that the appearance of the graphic design of the new paper money should be similar to that of the interwar zlotys, and that there should be inscriptions only in Polish. Mlynarski also postulated that the name of the issuing institution should include the phrase "in Poland."
After the Third Reich's aggression against the Soviet Union, the Germans expanded the General Government. At that time, a second series of paper money entered circulation with an issue date of August 1, 1941. This symbolically commemorated the date Galicia was incorporated into the General Government. Of the five denominations, only the top two were affected by the redesign. The last banknote to be issued by the Emission Bank in Poland was the 100 zloty issued on August 1, 1941. There were plans to issue a denomination of 1,000 zlotys, but they did not come to fruition due to the course of hostilities.
