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Poland - New Zloty
"Silver denars were the first Polish coins were issued by the founder of the country, Mieszko I (960-962). Denars remained the primary coin in Poland for the next 500 years. Sigismund I (1506-48) reformed the Polish coinage, introducing a system of 1 Zloty/Taler equal to 30 groszy and 1 Ducat equal to 45 groszy.
Beginning in 1795, Poland was gradually seperated into three territories. On January 1, 1944, The Polish Republic was reestablished.
"Poland had two monetary systems prior to its partition between Prussia, Russia and Austria. There were many variations in the coins minted in Poland, but the basic divisions of the Zloty were 1 Florin Zloty (also known as the Talara) equal to 30 Groszy or 90 Shillings.
After Germany invaded Poland, German Marks (DEP) were used in occupied territories. Germany introduced the Polish Marka (PLM), divisible into 100 Fenigow, at par with the German Mark in 1916. It remained legal tender until January 11, 1924. After the war, Austrian Kronen (ATK) also circulated in Poland until 1919. Following a severe inflation of the Marka, Poland introduced its own currency, the Zloty (PLO) on September 26, 1922, setting it equal to 1 Franc Germinal or 1,800,000 Marka. The Zloty was divisible into 100 Groszy.
The old Zloty remained in use until September 1939 when Nazi Germany invaded Poland.The General Government, set up by the Nazis, introduced the Cracow Zloty (PLK) on May 20, 1940, forcing Polish citizens to exchange Zloty issued by the Bank Polski for banknotes of the Bank Emisyjny w Polsce in Cracow. When the Soviet Union invaded Poland, they created the Lublin Zloty (PLL) at par with the Ruble, which were issued by the Polish National Bank. After the war, the Zloty (PLO) was reintroduced by the Government of National Unity. The Zloty was replaced by a new Zloty on January 1, 1995 with 1 New Zloty equal 10,000 Old Zlote.
Banknotes were issued by the Bank Polski under Russian Administration between 1830 and 1866.The Polska Krajowa Kasa Pozyczkowa (Polish State Loan Bank) issued banknotes between 1917 and 1924; and the Bank Polski was created on January 25, 1924, and issued banknotes until it was liquidated in October 1940. The Bank Emisyjny w Polsce issued banknotes under German occupation; and the Narodowy Bank Polski (Polish National Bank) issued banknotes from January 1945 until present."
Sources: Central Bank of Poland, www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Poland
Beginning in 1795, Poland was gradually seperated into three territories. On January 1, 1944, The Polish Republic was reestablished.
"Poland had two monetary systems prior to its partition between Prussia, Russia and Austria. There were many variations in the coins minted in Poland, but the basic divisions of the Zloty were 1 Florin Zloty (also known as the Talara) equal to 30 Groszy or 90 Shillings.
After Germany invaded Poland, German Marks (DEP) were used in occupied territories. Germany introduced the Polish Marka (PLM), divisible into 100 Fenigow, at par with the German Mark in 1916. It remained legal tender until January 11, 1924. After the war, Austrian Kronen (ATK) also circulated in Poland until 1919. Following a severe inflation of the Marka, Poland introduced its own currency, the Zloty (PLO) on September 26, 1922, setting it equal to 1 Franc Germinal or 1,800,000 Marka. The Zloty was divisible into 100 Groszy.
The old Zloty remained in use until September 1939 when Nazi Germany invaded Poland.The General Government, set up by the Nazis, introduced the Cracow Zloty (PLK) on May 20, 1940, forcing Polish citizens to exchange Zloty issued by the Bank Polski for banknotes of the Bank Emisyjny w Polsce in Cracow. When the Soviet Union invaded Poland, they created the Lublin Zloty (PLL) at par with the Ruble, which were issued by the Polish National Bank. After the war, the Zloty (PLO) was reintroduced by the Government of National Unity. The Zloty was replaced by a new Zloty on January 1, 1995 with 1 New Zloty equal 10,000 Old Zlote.
Banknotes were issued by the Bank Polski under Russian Administration between 1830 and 1866.The Polska Krajowa Kasa Pozyczkowa (Polish State Loan Bank) issued banknotes between 1917 and 1924; and the Bank Polski was created on January 25, 1924, and issued banknotes until it was liquidated in October 1940. The Bank Emisyjny w Polsce issued banknotes under German occupation; and the Narodowy Bank Polski (Polish National Bank) issued banknotes from January 1945 until present."
Sources: Central Bank of Poland, www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Poland
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Latest page update: made by fxwiki007
, Jul 27 2007, 4:42 PM EDT
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