Polish Zloty

About The Polish Zloty: The Currency of Poland

Quick Facts About the Polish Zloty Notes

Country of Origin	Poland
Symbol	zł
Currency Code	PLN
Nick Names
Minor units	Grosz
Denominations (Banknotes)	10zł, 20zł, 50zł, 100zł, 200zł and 500zł
Motto
Identification Feature	The 500 złoty has an image of John III Sobieski on the obverse side as well as images of Polish white eagle and Wilanów Palace on the reverse side.
Issuing Bank	National Bank of Poland
In Circulation Since	1924
INR Exchange Rate	25.0422 🔄

The zloty is Poland's national currency and serves as the country's legal tender. It is the 22nd most actively traded currency in the world, measured in terms of the volume of trade that takes place on the foreign exchange market. On the currency exchange market, the Polish zloty symbol is zł, and the Polish zloty currency code PLN. The Polish zloty is the official currency of Poland.

There are ten different Polish zloty denominations of notes, ranging from z10 to z500. It is possible to purchase Polish zloty coins with values ranging from 1 groszy to 50 groszy as well as 1 zloty to 5 zloty. The Zloty is issued and managed by the National Bank of Poland, which serves as Poland's central bank. Although the origins of the currency may be traced back to the early part of the 20th century, the money itself has been redesigned numerous times in reaction to the shifting political and economic atmosphere of the country.

The live Polish Zloty rate is INR (25.0422 🔄) . You can keep an eye on the real-time Polish Zloty price as per the Polish zloty forecast.

History of the Polish Zloty

The zloty is the currency that can be spent legally in Poland. The origin of the current zloty can be traced back to 1919, however, it wasn't extensively used until the year 1924.

Both the issuance of money and its management are the responsibility of the Narodowy Bank Polski (Central Bank of Poland). And the Polish zloty sign is zł. Since 1997, Poland has maintained its position as the sole holder of manufacturing rights for the zloty currency.

In 1950, all banknotes issued prior to 1948 were exchanged for one hundred of the brand new Third Zoty (PLZ), and all bank assets were redenominated at a rate of 100 to 3. In 1948, all banknotes were redeemed for 100 PLZ. The years 1948 and 1949 were printed on the new banknotes and coins that were issued. According to the legislation in place in Poland from 1950 onward, the value of one zloty, which derives from the word zlotyty, was initially fixed at 0.222168 grammes of gold.

After the fall of communism in 1989, which was followed by hyperinflation, the zoty was forced to undergo a revaluation. On May 11th, 1994, the NBP redenomination project was approved, and on July 7th, 1994, the necessary law was passed. As a direct consequence of this event, on January 1, 1995, 10,000 PLZ was converted into 1 PLN.

Since the beginning of the 2000s, the value of one US Dollar in Polish Zloty has typically ranged between two and four and a half Polish Zloty. On the other hand, even since the start of the Great Recession in 2008, the exchange rate for the PLN has never been lower than three PLN to one dollar.

In the time span between 2013 and 2014, the security features of the banknotes were improved. The coins have the same general appearance as those from the 1994 series, with the exception of a white field and marking on the reverse of each piece. In addition, the new notes feature a peculiar dotted pattern.

Since the 10th of February in 2017, a currency of 500 zlotys depicting a portrait of John III Sobieski has been in circulation.

Countries Accepting the Polish Zloty

Amount in the Polish Zloty You Should Carry for Your Trip

If you are planning to explore Poland, then there are different factors you must consider: the cost of the flight, how expensive the stay options are, transportation as well as what you can eat in Poland.

On average, a person needs zł81 for a comfortable trip on a shoestring budget. On the other hand, if you choose to stay in opulent properties or relish delicious meals at high-end restaurants, then this cost can extend up to zł564. The total cost for two people on a trip to Poland can range between zł175 to z3,500.

The cost of staying in a property in Poland every day ranges between zł45 to zł326. Meanwhile, the transportation cost here can be anywhere around zł8 to zł43, depending on whether you are using a taxi, a bus or any other means of transport.

You can check the Polish Zloty rate today in order to plan a cost-effective vacation.