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.