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Polish coat of arms' eagle, inscription: "Rzeczpospolita Polska" and the year of minting denomination with a simple plant ornament 1923 1923; 1925 1927 1928 1930-1939 1939 2 grosze 17.6 0.96 2 brass: Polish coat of arms' eagle, inscription: "Rzeczpospolita Polska" and the year of minting denomination with a simple plant ornament 1923 1923 1939
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Poland does not use the euro as its currency. However, under the terms of their Treaty of Accession with the European Union, all new Member States "shall participate in the Economic and Monetary Union from the date of accession as a Member State with a derogation", which means that Poland is obliged to eventually replace its currency, the złoty, with the euro.
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It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has branches in 16 major Polish cities. The NBP represents Poland in the European System of Central Banks, an EU organization. The bank doesn't translate its name to English and uses its Polish name in all English communications.
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The note was issued in 19 denominations, by the National Bank of Poland (Polish: Narodowy Bank Polski) and date its origins to 1528 as the "ducat," although there is debate about which polish coins was the first zloty. [2] The 20th-century zloty dates back to 1924. [2] The Zlotych notes were withdrawn from circulation in 1995. [3]
The zlot was a currency used in both medieval and modern times in Eastern Europe. [1] It was widely used in Poland , which now uses the złoty . It was also used in the Ottoman Empire , Russia , Moldavia , Wallachia and Transylvania .