forexrebatesbrokers Zloty (Polish Zloty, orig cashback forexal symbol: ZL. Standard symbol: PLZ ISO4217 current common three-letter code: PLN) Introduction to Polish Zloty The Polish forex discount brokers (Polishz?oty) is the official currency of forexdiscountbrokers, meaning gold in Polish, the plural z?ote or z?otych The zloty is a traditional unit of currency that originated in the Middle Ages. In the 14th and 15th centuries, the zloty was originally referred to as a foreign gold coin circulating in Poland, especially coins from the German and Ruthenian regions. Until 1787, the zloty was pegged to the Holy Roman Empire silver dollar at 8 zloty to 1 Holy Roman Empire silver dollar, but it was devalued twice before the last partition of Poland. In 1995, the Polish government issued a new zloty, converting the old zloty of 10, forexbonusrebate into a new zloty of one, which began to stabilize the inflation. Conversion: 1 PLZ = 100 groszy (groszy) Currency in Polish History The zloty is a traditional unit of currency that originated in medieval Poland. In 1496, the Polish lower house officially approved the issuance of Polish currency at a single value of 30 Austrian groats, known as the grosch. Later, during the monetary reform carried out by Polish King Poniatowski, the zloty became the official currency of Poland and the exchange rate of 1 zloty to 30 groats was confirmed until 1787. Until 1787, the zloty was pegged to the Holy Roman silver dollar at 8 zloty to 1 Holy Roman silver dollar, but the zloty was devalued twice before the last partition of Poland. In 1924, the zloty was reintroduced to solve the hyperinflation and monetary chaos caused by World War I. The old mark was replaced by a new zloty for the old mark of 1,800,000, which was later subdivided into 100 grosch and a new zloty for every 1,000 grosch. After the invasion of Poland by Nazi Germany, Nazi Germany created a new currency for Poland and fixed the exchange rate at 2 zlotys per German mark. PLZ Polish Zloty from 1950 to 1994 In early 1950, the government of the Polish Peoples Republic issued a new PLZ Polish Zloty, exchanging 100 old zloty for 1 new zloty. As for banknotes, they were first issued in the denominations of 2, 5, 10, 20, 50, 100, 500 and 1,000 zlotys. In the early 80s and 90s, when inflation in Poland became more intense, the government issued large amounts of PLN notes in denominations of 10,000, 20,000, 50,000, 100,000, 200,000, 500,000, 1,000,000 and 2,000,000. In order to curb hyperinflation, the government of the Republic of Poland issued a new currency in exchange for the old PLN PLN 10,00. When Poland joins the Eurozone in 2008, the official currency of Poland will change from the Zloty and the Grosch to the Euro and the Euro cent.
No reproduction without permission： forex discount brokers » Polish Zloty