Spectacular destruct with misplaced reverse watermark on the opposite side in the printed field.
Most likely created by printing the entire sheet on the reverse side.
While watermark offsets for this bill are common, the reversed watermark in the printed field is a major curiosity.
Broken vertically and minor creasing along the left edge. Natural and fresh.
An item for specialized collections that will not soon see another listing. A very rare type of destruction for 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.
