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currency

Croatian euro switch a warning for Poland says PM

Paweł Supernak/PAP

Price hikes in Croatia after it adopted the euro can serve as a warning to Poland, the Polish prime minister said on Tuesday.

Central bank chief describes Polish euro adoption as "deeply harmful"

Adopting the euro in Poland would be deeply harmful and result in a "radical drop" in the rate of GDP growth, the head of the National Bank of Poland (NBP) warned on Thursday.

Today’s news round up in Poland

Start your day with a summary of today’s top stories from Poland’s leading news sites.

Programme of Ukrainian currency exchange ends on Sept. 9

The exchange programme of the Ukrainian national currency, the hryvnia, for Polish zlotys, launched by the National Bank of Poland (NBP) in cooperation with the National Bank of Ukraine, ends on September 9, the central bank has reported.

Central bank backs retaining Polish zloty

Poland's currency is one of the sources of its economic success and giving it up would be a grave mistake, the governor of Poland's central bank said in an interview for Monday's Dziennik Gazeta Prawna newspaper.

Poland's central bank raises reference interest rate by 75 bps

The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, increased the reference interest rate by 75 basis points (bps) to 5.25 percent on Thursday.

Poland's foreign currency reserves grow six-fold y/y in 2021

Poland's central bank had at its disposal the equivalent of USD 166 billion at the end of 2021, up six-fold compared to 2020 and almost doubling over the last decade, the National Bank of Poland (NBP) wrote in a statement on Thursday.

Polish, Ukrainian central banks agree on currency exchanges for refugees

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.

Poland's central bank grants up to USD 1 bln USD/UAH swap to Ukrainian peer

Poland's central bank NBP has offered an up to USD 1 bln USD/UAH swap line to Ukraine's counterpart, the Polish bank has said in a statement.

Inflow of Ukrainian currency poses challenge for Poland

Close to 1.5 million Ukrainian refugees have crossed the Polish border escaping the war in their country, creating additional pressure on banks as Ukrainians have rushed to exchange their national currency, the CEO of Poland's largest lender has said.

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Top 5 articles:

  • Over 100,000 slaughtered with axes, pitchforks, scythes and knives: The Wołyń massacre started 76 years ago today and lasted for two years
  • The systematic massacre of all children under 10 will forever be a stain on humanity, says TFN’s Stuart Dowell
  • Mayor offers reward to first couple to have a boy in village where only girls are born
  • It’s official! Kraków is the best place in Europe for food, says European Academy of Gastronomy
  • Poland in COVID-19 LOCKDOWN! PM orders bars, restaurants, shopping centres and borders closed - and cancels ALL flights
Business | News | Life | Ukraine

Piła bus transforms into ‘armoured operating room’ to help wounded in Ukraine

VIDEO: Protected by 8mm shrapnel resistant armour, the Solaria Urbino 10 bus includes four operating tables, an air decontamination system, defibrillators, wash tub and sterilisation equipment.

The first report:

  • Tusk says upcoming elections are high-stakes
  • S&P GDP growth forecast for Poland unchanged for 2023
  • Zelensky may pay visit to Warsaw
  • Warsaw's Palace of Culture to stay dirty
  • Poland down Albania in Euro 24 qualifier

Exclusive

Rzeszów scientists develop phone battery that charges in eight minutes and lasts 68 YEARS!

Produced by The Batteries, the new technology has already been dubbed “a game changer” by the industry press, with the firm hoping to begin large-scale production once work on their “pilot factory” is finished.

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