10 curiosities about the ZLOTY! 29/07/2024
We present you 10 curiosities about the ZLOTY that you probably didn't know
1. Origin of the Name:
- The term "zloty" means "golden" in Polish and was initially used to refer to gold coins.
2. Ancient History:
- The first currency called the zloty appeared in the 14th century, but it did not become the official currency until 1924.
3. Old Denominations:
- Before the adoption of the modern zloty, Poland used currencies such as the "grosz", which is still used today as a subdivision of the zloty (1 zloty = 100 groszy).
4. Monetary Reform of 1950:
- In 1950, a monetary reform was carried out in Poland to combat inflation, introducing a new zloty that replaced the previous one at a rate of 100:1.
5. Coin and Banknote Designs:
- Current Polish banknotes feature important historical figures, such as Mieszko I and Casimir III the Great.
6. Largest and Smallest Bill:
- The highest denomination banknote is 500 zloty, while the lowest denomination banknote is 10 zloty.
7. Change to the Euro:
- Although Poland has been a member of the European Union since 2004, it has not adopted the euro and continues to use the zloty as its official currency.
8. Zloty symbol:
- The zloty symbol is "zł", and its ISO code is "PLN".
9. Security Innovation:
- Zloty banknotes are designed with advanced security features, including watermarks, security threads and special inks to prevent counterfeiting.
10. Commemorative Coins:
- Poland regularly issues commemorative zloty coins, which are highly collectible and can be made of precious metals such as gold and silver.
These aspects show the rich history and cultural and economic importance of the zloty in Poland.
So, considering these factors can help you better understand the history behind this coin.
If you plan to travel to Poland, you will need to exchange euros (EUR) for Polish zloty (PLN). Our Exchange Money office offers the best value for your Polish zloty or euro with the best exchange rate. We ensure your transactions are as smooth and easy as possible with our great prices.