Polish Zloty

Poland’s currency is the złoty (pronounced [ʐwɔtɨ]), which literally means “golden”. The word złoty is also used in the Polish language to mean “treasure” or “something valuable”. The złoty has been the currency of Poland since the Middle Ages. The modern złoty was introduced in 1995, when it replaced the short-lived Polish dollar at a rate of 10,000 złotych = 1 US dollar. The złoty is subdivided into 100 groszy (singular: grosz). The złoty is one of the few surviving national currencies, as most countries in the world have now adopted the euro. The Polish economy is doing well and inflation is low, so there are no plans to replace the złoty with the euro in the near future. The złoty is a floating currency, which means its value is not fixed. It is affected by global economic conditions, as well as the political and economic situation in Poland. The złoty is currently worth about 4 US dollars.