merrypenny.com

London
 
New York
 
Hong Kong
 

What is PLN?

Picture: PLN.

What is PLN? It's currency, Polish zloty, zł.

Picture: Polish ten zloty.

Polish 10 zloty money features a portrait of Duke Mieszko I.

PLN as Polish zloty

The Polish zloty (zł PLN) is the currency in Poland. Each modern Polish zloty is is subdivided into 100 groszy. According to Merrypenny money calculator the most popular rate is British pound to zloty. As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on the 1st of January 1995 10,000 old złotych (PLZ) became one new złoty.

Zloty fact sheet

Currency of Poland fact sheet.
Name Polish zloty
ISO 4217 code PLN
Sign, symbol
Coin 1, 2, 5, 10, 20, 50 gr, 1, 2, 5 zł
Banknote 10, 20, 50, 100, 200 zł
Central bank National Bank of Poland

More about...

More about the Polish money.

The zloty (golden) is a traditional Polish currency unit dating back to the Middle Ages. Initially, in the 14th and 15th centuries, the name was used for all kinds of foreign gold coins used in Poland, most notably Venetian and Hungarian ducats. In 1496 the Sejm approved the creation of a national currency, the zloty.

Polish coins introduced in 1995 (dated from 1990) are in denominations of 1, 2, 5 (miedziaki, corresponding to its copper colour, or dziady as coins with very low value and identified with poor people), 10, 20 and 50 groszy, 1 (złotówka), 2 (dwójka) and 5 złotych (piątka). The 1, 2, and 5 groszy are minted in brass, and the 10, 20 and 50 groszy and 1 złoty in cupro-nickel, whilst the 2 and 5 złotych are bimetallic. 10, 20, 50, 100, 200 and 500 złotych coins also exist and are legal tender, but are not in normal circulation.

Paper money in Poland. In 1995, notes (dated 1994) were introduced in denominations of 10 (dycha), 20, 50 (two varieties, one of which was issued for collectors), 100 (stówa or bańka) and 200 złotych. A few years after redenomination in 1995, the National Bank of Poland wanted to introduce a 500 złotych banknote, but a detailed economic analysis has shown that there is no such need, and the plans were abandoned.

Picture: money in Poland.

Polish money in 200 zloty bills.

Picture: Two zloty coin from Poland.

Poland celebrating Europe Without Barriers.
Made of Nordic Gold (Cu 89%, Al 5%, Zn 5%, Sn 1%).

Exchange rates

What is the Polish money exchange rate today?

National Bank of Poland

The National Bank of Poland has the sole right to issue the currency of the Republic of Poland. This means that it is the only institution entitled to introduce zloty and grosz notes and coin into circulation as legal tender on the territory of Poland. These notes and coins have a statutory power of settling all liabilities and no one can refuse to accept them as payment.

The currency issued by the NBP consists of notes and coin. The coins fall into two categories: coins for general circulation and collector's coins, which are minted in small numbers. New notes and coin are introduced pursuant to a regulation of the President of the National Bank of Poland published in the Monitor Polski. The regulation stipulates the date of introduction into circulation and the amount issued, as well as the design and face value of notes and coin and also alloy, fineness and mass in the case of coins.

In the future, when the euro becomes legal tender in Poland, the European Central Bank will be the issuer of notes while the central bank of Poland will remain the issuer of coins.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

Find out further information about the Polish zloty by googling for poland currency.

Back to Top