USD/PLN (USDPLN)

USDPLN PROFILE

The Polish zloty (PLN) is the national currency used in Poland. A single Polish zloty is subdivided into 100 groszy and is often represented by a symbol that looks like the lowercase Latin letters “zl” with a stroke about halfway up the “l.” It is a freely floating currency that trades on forex markets.

  • The Polish zloty (PLN) is the official currency of Poland, issued by the National Bank of Poland.
  • The currency dates back to the early 20th century but has gone through several iterations as the political economy of the country has shifted.
  • Breaking away from communism in the 1990s caused rampant inflation in Poland, making only denominations of 500,000 and 1 million usable.
  • As of December 2021, the exchange rate of PLN to USD is roughly 4-to-1.
  • Only the Narodowy Bank Polski (NBP), the Republic of Poland’s central bank, may issue the PLN.

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