National Bank of Poland to issue 500 złoty banknote

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In June 25, 2015
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Source: New Europe Investor; Lodz Post; Coin Week

June 23, 2015:  The Polish central bank has announced that it is to introduce a 500 zloty bank note. 

The note according to the central bank, will be introduced within the next two years. The face of the 500 zloty bill will feature the image of King Jan Sobieski III and therefore continues the chronological order of the “Polish Rulers” series.

Presently, the largest note in circulation in Poland is the 200 zloty note.

The aim of the new 500 złoty note is to lower the costs of issuing banknotes and increase the effectiveness of monetary management, according to Marek Oleś – director of the issuance-treasury department at the NBP.

200 Alterations

The bank also presented an updated 200 złoty note, which will carry enhanced security features and will be in circulation by February 2016.

In April 2014, the Polish National Bank  put into circulation the first upgraded banknotes in denominations of 10, 20, 50 and 100 zlotys, respectively.  This was done to improve the security of Polish banknotes and to adapt to current technological requirements for bill accepting machines.  The upgraded banknotes account for more than 33 percent of Polish banknotes in circulation.

The release of the 200-zloty denomination completes this process of banknote modernization.

PLN2h Photo: Polish National Bank