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LOCAL CURRENCY IN POLAND

Need to know waht is the local currency in Poland? The local currency in Poland is called Ztoty.

The Polish Ztoty is issued and managed by the National Bank of Poland. To find out the current currency exchange rates for Ztoty to other major currencies of the world, click on foreign currency rates.

Polish Currency Information
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The currency used in Poland is called as the Ztoty. This currency is denoted with the currency sign z? and the ISO 4217 Code for the Polish Ztoty is PLN. The Ztoty, is the official currency of the Poland . It is divided into 100 smaller units called grosz.

The constitution of Poland provides that the Poland government shall have the power to print the Polish Ztoty and grosz coins to be used as a legal tender in Poland. The Polish Ztoty bank notes and Grosz coins are both designated as "legal tender" in payment of debts.

The Polish Ztoty bill uses the decimal system, consisting of 100 equal units.

The symbol z?, usually written before the numerical amount, is used for the Polish Ztoty.

Currently printed bank notes denominations are and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 gr, 1, 2, 5 z? 10, 20, 50, 100, 200 z?.

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How Does Balance of Trade and Investment Affect the Value of the Polish Ztoty
Financial analysts regularly cite the balance of trade and investment in Poland as the most important influence on the value of the Ztoty. The difference between what the Poland exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Ztoty exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Ztoty exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Polish Ztoty.
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