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.
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.
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 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.
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 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.
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.
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.
The Polish zloty has weakened after Russia's invasion of Ukraine.
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.