10 złotych note

The 10 Polish Złotych note is the lowest value złoty banknote and has been used since the redenomination of the złoty in 1995. The note is used as the sole currency in Poland, a country with a population of about 38 million.

Ten złotych

(Poland)
Value	10 Polish złoty
Width	120 mm
Height	60 mm
Security features	Watermark, a security thread, microprinting, ultraviolet ink, a see-through register (recto-verso), latent image (angle effect), metallised ink.
Material used	White Paper
Years of printing	1794–1831; 1924–1950; 1950–1995; 1995–present
Obverse
Design	Portrait of Duke Mieszko I in centre area
Reverse
Design	Depiction of a denar, a silver coin from Mieszko I's reign

It is the smallest note, measuring 120×60mm with a dark brown and green colour scheme. The ten złotych note features a portrait of Duke Mieszko I in the obverse centre area, while the reverse depicts a denar, a silver coin from Mieszko I's reign. The banknote is protected with multiple security features, like watermarks and microprinting, which document its authenticity.

The ten złotych note has been used since 1794, along with the rest of the first złoty banknotes, although there were some temporary discontinuations in its usage.

History

First złoty banknotes

In 1794, treasury notes were issued in denominations of 5 and 10 groszy, 1, 4, 5, 10, 25, 50, 100, 500 and 1000 złotych.[1] The Duchy of Warsaw issued notes for 1, 2 and 5 talarów.[1]

In 1824, the Bank Kassowy Królestwa Polskiego issued notes for 10, 50 and 100 złotych.[1] The Bank Polski issued notes dated 1830 and 1831 in denominations of 1, 5, 50 and 100 złotych, whilst assignats for 200 and 500 złotych were issued during the insurrection of 1831.[1] From 1841, the Bank Polski issued notes denominated in rubel.[1]

Second złoty banknotes

In 1924, along with provisional notes (overprints on old, bisected notes) for 1 and 5 groszy, the Ministry of Finance issued notes for 10, 20 and 50 groszy, whilst the Bank Polski introduced 1, 2, 5, 10, 20, 50, 100, 500 and 1000 złotych.[1] From 1925, the Ministry of Finance issued 2 and 5 złotych notes, before they were replaced by silver coins, and the Bank Polski issued 5, 10, 20 and 50 złotych notes, with 100 złotych only reintroduced in 1932.[1] In 1936, the Bank Polski issued 2 złote notes, followed in 1938 by Ministry of Finance notes for 1 złoty.[1]

In 1939, the General Government overprinted 100 złotych notes for use[1] before, in 1940, the Bank Emisyjny w Polsce was set up and issued notes for 1, 2, 5, 10, 20, 50, 100 and 500 złotych.[1] After liberation, notes (dated 1944) were introduced by the Narodowy Bank Polski for 50 grosz, 1, 2, 5, 10, 20, 50, 100 and 500 złotych, with 1000 złotych notes added in 1945.[1]

Third złoty banknotes

The ten złotych note, with a picture of Józef Bem, from the third banknote series.

In 1950, new notes, which were dated 1948, were introduced for 2, 5, 10, 20, 50, 100 and 500 złotych, but 1000 złotych notes were added in 1962.[2] 200 and 2000 złotych notes were added in 1976 and 1977, followed by 5000 złotych notes in 1982.[2] The late 1980s and early 1990s saw high inflation in Poland and led to the introduction of notes in denominations of 10,000 in 1987, 20,000 in 1989, 50,000 in 1989, 100,000 in 1990, 200,000 in 1989, 500,000 in 1990, 1,000,000 in 1991 and 2,000,000 złotych in 1992.[2] These notes (and coins) were valid, but with the exception of the 200,000 złotych note, until the end of 1996.[2] They could be exchanged at the National Bank of Poland and some banks obligated to it by the NBP until 31 December 2010, and they are no longer legal tender.[2]

Current banknotes

In 1995, notes, which were dated 1994, were introduced in denominations of 10 złotych, 20 złotych, 50 złotych, 100 złotych and 200 złotych.[3]

Collector banknotes

There has been only one ten złotych collector banknote, which was issued in 2008.[4]

90th anniversary of Polish independence

The 90th anniversary of Polish independence 10 złotych commemorative banknote was issued in 2008.

On 30 October 2008, the National Bank of Poland issued its second collector's banknote, this time commemorating the 90th anniversary of Polish independence. 80,000 banknotes of this kind were printed.[5]

The right side of the obverse bears a bust of Joseph Pilsudski viewed in profile.[5] Beside the picture of Pilsudski there is a view of the Belvedere Palace, which was seat of the Chief of State in the years 1918-1922 and being the residence of the Polish Marshal from 1926 to 1935.[5] The second image of Joseph Pilsudski, visible in the lower left corner, recalls that the most urgent challenges facing the country had a military character.[5] The Marshal, in a military cloak and cap, is leaning on the edge of a trench and watching.[5] Above the view of the Belvedere Palace is the emblem of the Polish state in its present form.[5] Beside Pilsudski's picture, on the right hand side is the year '1918' in vertical writing.[5]

The reverse features an image of the 1919 version of the Coat of arms of Poland which was used, among others, on the 1919-1923 Polish marka banknotes, the first money issued by the independent Polish state.[5] Next to it, the Kielce monument to the deeds of the Polish Legions, called the "rifle squad four", showing figures of four legionnaires marching in formatio,[5] is pictured.

Security features

The banknote is protected by multiple security features:

• Watermark – an image of Józef Pilsudski[5]
• Security thread with microprinted "10 ZŁ"[5]
• Gravure printing on the front – tactile[5]
• Offset micro lettering and steel engraving – "Narodowy Bank Polski", "Rzeczpospolita Polska", "10", "10 ZŁ"[5]
• Horizontal and vertical serial numbering on the reverse of the note[5]
• Optically variable ink – on the reverse of the banknote, the denomination designation changes from mauve to green[5]
• Recto verso print – image elements of Pilsudski, printed on both sides of the banknote, complement each other, forming a complete picture[5]
• Sign for the blind to recognise, an "X" – tactile[5]
• Latent individual – setting the note at the right angle, we see the year "2008"[5]
• Ultraviolet ink – on the back of the numerals and the image of military decorations[5]

See also

• 10 złotych coin

References

1. BlazeK (1998). "Brief history of Polish monetary system". Maly slownik historii Polski. bakk.com. Archived from the original on 2012-04-26. Retrieved 3 January 2012.
2. "Polish złoty". kiwix. kiwix.org. Archived from the original on 2012-04-26. Retrieved 3 January 2012.
3. "Narodowy Bank Polski - Internetowy Serwis Informacyjny". Narodowy Bank Polski (in Polish). nbp.pl. 1998. Retrieved 3 January 2012.
4. "Banknoty kolekcjonerskie". Narodowy Bank Polski (in Polish). nbp.pl. 2006. Retrieved 3 January 2012.
5. "Banknot kolekcjonerski upamiętniający 90. rocznicę odzyskania niepodległości". Narodowy Bank Polski (in Polish). nbp.pl. 30 October 2008. Retrieved 2 January 2012.

External links

• NBP