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foreign currencies

Banking sector remains resilient despite foreign currency mortgage threat

Rafał Guz/PAP

The Polish banking sector has remained highly resilient, with mortgages denominated in foreign currency being its only threat, shows a report by the central bank.

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.

Poland's central bank intervenes on FX market again

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.

Supreme Court issues no ruling on forex loans

Poland's Supreme Court deferred making a ruling on the case of loans denominated in foreign currencies on Thursday, instead asking the Court of Justice of the European Union (CJEU) to help it resolve a procedural issue on the appointment of judges.

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  • 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
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Culture | Life

Jerzy Skolimowski's ‘emotional’ road movie about a melancholic donkey is nominated for 2023 Oscars

Chosen alongside All Quiet on the Western Front, Santiago Mitre's Argentina 1985, and the Banshees of Inisherin, Skolimowski’s film is billed as a dark exploration of humanity, technology and nature.

The first report:

  • Two dead, four hurt in Katowice presbytery blast
  • Ukrainian president thanks Poland for another batch of tanks
  • Poland remembers Holocaust victims
  • Polish ambassador to EU hosts meeting on aid for Ukraine
  • Opposition leader slams ruling party's electoral code changes

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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