Poland banknote - 50000 zlotych - year 1989 - Stanisław Staszic - free shipping

Description

The złoty which literally means "golden", is the currency of Poland. The modern złoty is subdivided into 100 groszy (singular: grosz; alternative plural forms: grosze and groszy). The recognized English form of the word is zloty, plural zloty or zlotys. The currency sign, zł, is composed of Polish small letters z and ł.
As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on January 1, 1995, 10,000 old złotych (PLZ) became one new złoty (PLN). Since then, the currency has been relatively stable, with an exchange rate fluctuating between 3 and 5 złoty for a United States dollar.
Third złoty
In 1950, a new złoty (PLZ) was introduced, replacing all earlier issues at a rate of one hundred to one. The new banknotes were dated 1948, while the new coins were dated 1949. Initially by law from 1950 1 złoty (zł) = 0.222168 g of pure gold, see also Dziennik Ustaw 50, 459. From January 1, 1990, it was a convertible currency.
Between 1950 and 1990, a unit known as the złoty dewizowy (which can be roughly translated as the "foreign exchange złoty") was used as an artificial currency for calculation purposes only. It existed because at the time the złoty was not convertible and its official rate of exchange was set by the Government, and there existed several exchange rates depending on the purpose of the transaction and who was exchanging, i.e., a given amount in złoty could be exchanged for, say, US dollars at one of several official exchange rates depending on what was to be bought for the hard currency and the company that was buying foreign exchange; it worked similarly when a company had some earnings in Western currency and wanted (or needed) to convert them into złotych. The exchange rate did not depend on the amount being converted. Visitors from countries outside of the Soviet Bloc were offered a particularly poor exchange rate. Concurrently, the private black-market exchange rate contrasted sharply with the official government exchange rate until the end of communist rule in 1989 when official rates were tied to market rates.
The Narodowy Bank Polski issued Polish Zloty banknotes in 19 different denominations, including this 50000 old Polish Zlotych banknote (Stanisław Staszic). They are part of the old Polish Zloty banknotes series. The Narodowy Bank Polski started issuing these 50000 Polish Zloty banknotes in 1989. They were withdrawn from circulation in 1994.
The brown-green-black coloured banknote of 50,000 old Polish Zloty measures 138mm by 63mm. It features Polish philosopher Stanislaw Staszic and the Palace named after him, Staszic Palace in Warsaw, housing the Polish Academy of Sciences. Following many years of high inflation in Communist Poland, the currency of Poland was redenominated in 1995: 10,000 old Polish Zlotych (PLZ) were replaced by 1 New Polish Zloty (PLN). As a result, this banknote of 50,000 old Zlotych was replaced by a coin of 5 new Zlotych.
Stanisław Staszic
Stanisław Wawrzyniec Staszic [staˈɲiswaf ˈstaʂit͡s] (baptised 6 November 1755 – 20 January 1826) was a leading figure in the Polish Enlightenment: a Catholic priest, philosopher, geologist, writer, poet, translator and statesman. A physiocrat, monist, pan-Slavist (after 1815) and laissez-fairist, he supported many reforms in Poland. He is particularly remembered for his political writings during the "Great (Four-Year) Sejm" (1788–92) and for his large support towards the Constitution of 3 May 1791, adopted by that Sejm.
He co-founded the Warsaw Society of Friends of Learning (precursor to the Polish Academy of Sciences), of which he became president. He served as a member of the State Council of the Duchy of Warsaw and as minister of trade and industry in Congress Poland. Staszic is seen as the father of Polish geology, statistics, sociology, Tatra Mountains studies and exploration, mining and industry.