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collector coin

Europe / Poland / since 1995

10 zł 180 Years of Central Banking in Poland

Poland 2009 14,14 g Ag 925

Catalogue number LR #2474
Denomination 10 zł
Country Poland
Age since 1995
Metal Ag
Fineness (purity) 925
Weight 14,14 g
Diameter 32 mm
Quality Proof
Year of issue 2009
Certificate No
Box No
Mintage 92 000 pcs.
16 $ Catalog price
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Oceń: wygląd, temat, nakład
Coin minted to celebrate the 180th anniversary of central banking in Poland. The reverse presents a stylized image of Władysław Grabski - a Polish politician, treasury minister and twice Prime Minister of the Second Republic, author of the currency reform. On the obverse, in turn, there is an image of the seat of the Bank of Poland at Bielańska Street in Warsaw. The first Polish central bank (operating between 1828-1885 and founded by Prince Xavier Drucki-Lubecki) was Bank Polski. It was a government institution with the right to issue banknotes, grant credits and service foreign loans. In the following years the Bank financed the construction of roads in the Kingdom of Poland, the Warsaw Citadel and mining. In 1869, Bank Polski was subordinated to the Ministry of Treasury in St. Petersburg, and a year later deprived of the right to issue banknotes and to grant long-term loans. On the first of January 1886 the Bank was put into liquidation, which lasted until 1894. The assets of Bank Polski were taken over by the State Bank of Russia. After the outbreak of World War II, Ignacy Matuszewski and Henryk Floyar-Rajchman saved all the gold and foreign currency stock of the Bank of Poland, taking it to France. Until June 1940, Paris was the seat of the Bank, and then, after the French capitulation, London. In 1946 the seat of the Bank's authorities together with the deposits were moved back to Warsaw. In 1945, the Provisional Government established the National Bank of Poland, so that the Bank of Poland did not resume its operations anymore. It was finally liquidated in 1952. In 1995 the zloty was denomination. The normalization of the payment situation initiated the development of the zloty's exchange rate on the currency market and ensured the status of the Polish currency as a convertible currency on the international market.

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