The ducat introduced in 1528 by King Sigismund the Elder can be considered as the first Polish zloty. Since then, even for ordinary people it is important what money they use to pay for things, says Marcin Madejski.
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...
International investors treat emerging markets as one which often leads to the withdrawal of capital from these markets thus weakening the local currency.