5 zł. of 1936 Sailing Vessel [10]
5 zloty of 1936 (Sailing Vessel)
Face value: 10 pln
Alloy: 925/1000 Ag
Diameter: 32 mm
Weight: 14.14 g
Finish: proof
Mintage: 61000 pcs
On the edge: 75-LECIE CHRZTU "DARU POMORZA" [75TH ANNIVERSARY OF CHRISTENING OF "DAR POMORZA"], separated by stars
Additional: no
Date of issue: 2005-04-27
Issue price: 47 pln
Designer: Andrzej Nowakowski
Designer: Andrzej Nowakowski
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Article linked with this coin
The economic difficulties of 1924 and 1925 contributed to the collapse of the zloty. The Polish currency stabilised only as a result of the positive fiscal developments and the better balance of payments, which followed the economic recovery. In October 1927 the law was passed on the change in the zloty parity, which took account of the Polish currency quotations. The ambitious parity was reduced from 0.2903 to 0.1688 gram of gold, which corresponded to a 42% devaluation. A 20-year international loan ensured further stabilisation and convertibility of the Polish currency. The zloty parity remained unchanged until the outbreak of the World War II in 1939.
The Polish economy prospered until 1929. Next, the great depression prevailed and continued until 1935. ...