Polish zloty in trouble. We know the comment of the NBP president

The weakening of the zloty, especially observed in recent days, is probably related to the strengthening of the dollar on the global market – informed the NBP president Adam Glapiński. He noted that the PLN exchange rate is floating and if market factors speak for changes in the exchange rate, especially if they are not too strong, then it is difficult to expect a reaction from the NBP.

  • At the peak of the Friday’s afternoon session, the EUR / PLN rate reached 4.69 and set a new 12-year high
  • The President of the NBP noted that the central bank did not intervene in the currency market this year, but still reserves the right to do so
  • More such stories can be found on the main page of Onet.pl

“As a rule, we do not comment on changes in the zloty exchange rate, but in recent days the zloty has actually weakened, and we are constantly analyzing the factors behind it. The weakening of the zloty, especially observed in recent days, is probably related to the strengthening of the dollar on the global market. the value of the dollar usually entails a decrease in the exchange rate of our region’s currencies. The zloty may also be adversely affected by a marked increase in the number of COVID-19 cases in Europe and Poland. This may mean the necessity to introduce restrictions, losses for the economy and additional budget expenses “- wrote Glapiński .

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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