We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is a Zloty?

By Henry Gaudet
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A zloty is a Polish unit of currency. In 1995, after runaway inflation made the currency almost worthless, it was revalued, with 10,000 in old zlotys worth one new. Old money can still be accepted as legal tender, but inflation has made it more valuable as a souvenir than as a useful form of currency.

First introduced in 1496, the zloty was valued at 30 groszy, an established coin already in circulation for more than a century. Over the centuries, it took many different forms and values, but for the majority of Polish history, it has been the national currency, with a few notable exceptions. In the late 19th century, Russian control saw the rubel become the nation’s currency, and following World War I, German occupation replaced the rubel with the marka. Inflation after the war devalued the German marka, and in 1924, Polish national currency was reintroduced with an exchange rate of one zloty to 1.8 million marka.

Since returning in 1924, the zloty has existed in some form as Poland’s currency. During World War II, Poland continued to use its own currency under Nazi control, with a fixed exchange rate of two Reichsmark to one zloty. In 1950, a new currency was launched, with a one to 100 compared to the old currency. This currency remained in place until inflation prompted its replacement in 1995.

In the 21st century, the Polish zloty is a decimal currency, with 100 groszy to one zloty. Coins are minted in the amounts of 1, 2, 5, 10, 20 and 50 groszy and 1, 2 and 5 zlotys. Higher-value coins, ranging from 10 to 500 zlotys, are minted as legal tender but are not commonly in circulation and are not widely used. Notes are printed in the amounts of 10, 20, 50, 100 and 200 zlotys, although the 200 zlotys note is not commonly used.

Polish plans to embrace the European Union (EU) include the eventual adoption of the Euro as a national currency, and adoption of the currency was in fact a condition set when Poland joined the EU in 2004. In 2008, Polish Prime Minister Donald Tusk stated that, pending the results of a 2010 referendum and European Central Bank approval in 2011, the ruling government hoped to join the Eurozone by 2012, and this would include the adoption of the Euro. An amendment to the constitution would have to be made before a new currency could be adopted.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.