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Polish mark


The marka (Polish: marka polska, Polish mark, abbreviated mp, Polish-language plural declensions: marki, marek) was the currency of the Kingdom of Poland and of the Republic of Poland between 1917 and 1924. It was subdivided into 100 fenigs (a Polish spelling of German "pfennig"), much like its German original after which it was modelled (see German mark).

During the World War I, in 1915, after defeating the Russians, the Central Powers occupied the whole territory of the former Congress Poland and appointed two Governors General: a German (Hans Hartwig von Beseler) in Warsaw and an Austro-Hungarian (Karl Kuk ()) in Lublin. The civil administration of the country was laid into the hands of imported German (mostly Prussian) and Austrian (mostly Polish) officials. Four currencies circulated: the Russian ruble, the German Papiermark, the German Ostruble and the Austro-Hungarian krone. On December 9 the following year, after consultations with the Austrians, the chief of the German Administration, Wolfgang von Kries () proclaimed the foundation of a new bank, called the Polish Loan Bank (Polska Krajowa Kasa Pożyczkowa) and the creation of a new currency unit, the marka, equivalent to the German mark. The stability of the new currency was guaranteed by the German Reichsbank up to the amount of 1 billion mark.


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