Since mid-December 2020, the NBP Management Board has been purchasing foreign currencies on the FX market in order to strengthen the impact of NBP’s monetary policy easing on the economy, said the President of NBP, Prof. Adam...
New expansionary monetary and fiscal policies have been introduced in Poland to deal with the crisis due to the COVID-19, but with limited fiscal space a key question is how much the currency may depreciate.
The Polish zloty entered into circulation almost 94 years ago, on April 1924. It replaced the Polish mark, which became devalued due to hyperinflation. This was the effect of the determination and currency reform of Władysław...