Poland's special-purpose development bank BGK has been actively trading on the FX market, increasing its activity in recent days to limit the weakening of the Polish currency, financial market insiders have told PAP.
The National Bank of Poland (NBP) and its Ukrainian counterpart have signed an agreement concerning the exchange of UAH into PLN by Ukranian refugees, NBP said in a statement.
The prices of petrol and diesel are yet again getting close to the PLN 6 (EUR 1.26) per litre mark despite reduced taxes as the war in Ukraine pushes oil prices well above USD 100 a barrel and the Polish zloty takes a nosedive.
The National Bank of Poland resorted to selling foreign currencies on Wednesday after a similar move on Tuesday as the Polish zloty slid to its lowest level against the US dollar in two decades due to the Ukraine war.
The National Bank of Poland resorted to selling foreign currencies on Tuesday in an emergency move as the Polish zloty slid to its lowest level against the US dollar in two decades over the Ukraine crisis.
Poland’s central bank, the National Bank of Poland (NBP), has said it is ready to intervene to counteract excessing fluctuations in the value of the Polish zloty.
Poland's central bank will help strengthen the Polish zloty (PLN) as appreciation of the domestic currency would help curb inflation, Monetary Policy Council (MPC) member Rafał Sura has told PAP.
The economic situation in Poland is not playing a major role in the current depreciation of the zloty (PLN), since it is "good," the governor of Poland’s central bank (NBP) has said.
Mateusz Morawiecki, the Polish prime minister said in Gdańsk, northern Poland, that the country would do whatever it could to make the Polish zloty (PLN) moderately stronger.
The Polish zloty (PLN) is expected to get weaker rather than get stronger in the short term, economists have predicted.
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