About the Polish Złoty
The current Polish Złoty (PLN) was introduced in 1995, replacing the old Złoty (PLZ) at a rate of 10,000 to 1, as part of a successful economic reform program to curb hyperinflation.
The name 'Złoty' means 'golden' in Polish, while 'Grosz' is derived from the German 'Groschen'.
Interesting Facts
A 'Golden' Currency
The name 'Złoty' means 'golden', reflecting its historical value. This strong currency is a symbol of Poland's successful economic transition.
Historical Rulers on Notes
Polish banknotes feature portraits of significant Polish monarchs, including Casimir III the Great and Sigismund I the Old, highlighting the country's rich royal history.
Outside the Eurozone
Despite being a member of the European Union, Poland has not yet adopted the Euro and there is no clear timeline for its adoption, maintaining its own independent monetary policy.
Historical Timeline
The first Złoty is introduced in independent Poland.
The Złoty is revalued under the communist regime.
The new Złoty (PLN) is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- PLN
- Symbol
- zł
- Numeric Code
- 985
- Subunit
- Grosz (1/100)
- Introduced
- 1995-01-01
Central Bank
- Name
- National Bank of Poland
- Headquarters
- Warsaw, Poland
- Founded
- 1945
- Current Governor
- Adam Glapiński (since 2016)
Economic Data
- Reserve Currency Share
- 0.1%
- Forex Volume Share
- 0.6%
- Inflation Rate
- 2.5%
- Interest Rate
- 5.75%
Exchange Rates
What Affects the PLN Exchange Rate?
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