100 years of Bank Polski SA 100 years of Putting the Zloty [1]

100th Anniversary of Putting the Zloty into Circulation

Subject: no
Face value: 1 pln
Alloy: 999/1000 Ag
Dimensions: 40x40 mm
Weight: 28.28 g
Finish: proof
Mintage: 10000 pcs
On the edge: smooth
Additional: selective gilding
Date of issue: 2024-04-25
Issue price: 400 pln
The reverse of the coin shows the image of the reverse of a 1924 coin with a face value of 1 złoty. The 2024 coin also depicts the image of a fragment of a portal above the entrance to the main hall of Bank Polski SA in Warsaw and graphic elements of a 100 złoty banknote issued in 1934: on the left side, there is the allegory of commerce in the form of Mercury holding a caduceus staff, and dr Grzegorz Jeż on the right side, the personification of industry.

Designer: Urszula Walerzak
The obverse of the coin features the obverse of the 1924 coin with a face value of 1 złoty.

Designer: Urszula Walerzak

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100th Anniversary of Putting the Zloty into Circulation

After Poland regained independence in November 1918, the decision was taken swiftly to establish a new bank of issue and introduce a new Polish currency, the złoty. However, the effort put into the reconstruction of the state and the need to fight the war on the country’s borders made a speedy implementation of the reforms impossible. In addition, since the very start of its existence the reborn Polish state had to fight rising inflation, which morphed into hyperinflation in the second half of 1923. An economic crisis set in, and the social and political situation was very tense.

In December 1923, the Władysław Grabski government was formed and the cabinet faced the task of carrying out the fiscal and currency reforms. The Sejm (Polish ...

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