Polish złoty conversion

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Polish złoty

Abbreviation/Symbol:

  • złoty

Worldwide use:

  • Poland

Description:

In Poland the currency is the Zloty. One Zloty is made up of 100 Groszy. Zloty literally translates as "golden". Coins in circulation are the 1gr, 2gr, 5gr, 10gr, 20gr, 50gr, 1zł, 2zł and 5zł. With 10zł, 20zł, 50zł, 100zł and 200zł notes. It is unlikely that Poland will join the Eurozone before 2019 and as of March 2011 public opinion has risen to over 60% against joining.

The mint of Poland is a private company. It has been a joint stock company on the Warsaw Stock Exchange since April 7th 1998, which makes it the only mint in the world to be publicly traded.

Origin:

The Zloty is a name used for all kinds of foreign coins used in Poland since the middle ages. It was formally approved by the Polish Sejm Parliament as the national currency in 1496. Due to high inflation in the early 1990's, the currency was re-denominated. As of January 1st 1995 10000 old Zlotych (PLZ) was equal to one new Zloty (PLN).

Component units:

  • Groszy (100)

Date introduced:

Central bank:

  • National Bank of Poland

Printer:

    Mint:

    • Mennica Poland