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Polish Złoty
The złoty (alternative spelling: ''zloty''; Polish: ''polski złoty'', ;The nominative plural, used for numbers ending in 2, 3 and 4 (except those in 12, 13 and 14), is ; the genitive plural, used for all other numbers, is abbreviation: zł; code: PLNPrior to 1995, code PLZ was used instead.) is the official currency and legal tender of Poland. It is subdivided into 100 '' groszy'' (''gr'').Singular: ''grosz'', alternative plural forms: ''groszy'', ''grosze''. It is the most-traded currency in Central and Eastern Europe and ranks 21st most-traded in the foreign exchange market. The word ''złoty'' is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder, whereas the grosz subunit is based on the groschen, cognate to the English word groat. It was officially introduced to replace its interim predecessor, the Polish marka, on 28 February 1919 and began circulation in 1924. The only bodies permitted to manufacture or mint z ...
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Polish Coins And Banknotes
The following coins and banknotes are currently issued by the National Bank of Poland. Coins Although some of the coins were minted as early as 1990, they were not released until January 1, 1995, when the Polish złoty, złoty was redenominated after hyperinflation was harnessed. There are 100 grosz (gr) to one złoty (zł). Mintage Special issue 5zł coins These special issue coins have value and are intended for general circulation. Banknotes Commemorative banknotes See also * Poland and the euro * Polish złoty * Commemorative coins of Poland References {{Polish currency and coinage Currencies of Poland Lists of coins Banknotes of Poland, ...
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Central And Eastern Europe
Central and Eastern Europe is a geopolitical term encompassing the countries in Baltic region, Northeast Europe (primarily the Baltic states, Baltics), Central Europe (primarily the Visegrád Group), Eastern Europe, and Southeast Europe (primarily the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in Europe, as well as from former Yugoslavia. Scholarly literature often uses the abbreviations CEE or CEEC for this term. The OECD, Organisation for Economic Co-operation and Development (OECD) also uses the term "Central and Eastern European Countries" (CEECs) for a group comprising some of these countries. This term is sometimes used as an alternative to the term "Eastern Europe," for more neutral grouping. Definitions The term ''CEE'' includes the Eastern Bloc (Warsaw Pact) countries west of the post-World War II border with the former Soviet Union; the independent states in former Yugoslavia (which were not considered part of the Eastern b ...
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Noun
In grammar, a noun is a word that represents a concrete or abstract thing, like living creatures, places, actions, qualities, states of existence, and ideas. A noun may serve as an Object (grammar), object or Subject (grammar), subject within a phrase, clause, or sentence.Example nouns for: * Living creatures (including people, alive, dead, or imaginary): ''mushrooms, dogs, Afro-Caribbeans, rosebushes, Mandela, bacteria, Klingons'', etc. * Physical objects: ''hammers, pencils, Earth, guitars, atoms, stones, boots, shadows'', etc. * Places: ''closets, temples, rivers, Antarctica, houses, Uluru, utopia'', etc. * Actions of individuals or groups: ''swimming, exercises, cough, explosions, flight, electrification, embezzlement'', etc. * Physical qualities: ''colors, lengths, porosity, weights, roundness, symmetry, solidity,'' etc. * Mental or bodily states: ''jealousy, sleep, joy, headache, confusion'', etc. In linguistics, nouns constitute a lexical category (part of speech) defined ...
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Adjective
An adjective (abbreviations, abbreviated ) is a word that describes or defines a noun or noun phrase. Its semantic role is to change information given by the noun. Traditionally, adjectives are considered one of the main part of speech, parts of speech of the English language, although historically they were classed together with Noun, nouns. Nowadays, certain words that usually had been classified as adjectives, including ''the'', ''this'', ''my'', etc., typically are classed separately, as Determiner (class), determiners. Examples: * That's a ''funny'' idea. (Prepositive attributive) * That idea is ''funny''. (Predicate (grammar), Predicative) * * The ''good'', the ''bad'', and the ''funny''. (Substantive adjective, Substantive) * Clara Oswald, completely ''fictional'', died three times. (Apposition, Appositive) Etymology ''Adjective'' comes from Latin ', a calque of (whence also English ''epithet''). In the grammatical tradition of Latin and Greek, because adjectives were I ...
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European Exchange Rate Mechanism
The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe. After the adoption of the euro, policy changed to linking currencies of EU countries outside the eurozone to the euro (having the common currency as a central point). The goal was to improve the stability of those currencies, as well as to gain an evaluation mechanism for potential eurozone members. As of January 2025, two currencies participate in ERM II: the Danish krone and the Bulgarian lev. Intent and operation The ERM is based on the concept of fixed currency exchange rate margins, but with exchange rates variable within those margins. This is also known as a semi-pegged system. Before the introduction of the ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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Redenomination
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation. In such cases the name of the currency may change or the original name may be used with a temporary qualifier such as "new". Redenomination may be done for other reasons such as changing over to a new currency such as the Euro or during decimalisation. Redenomination itself is considered symbolic as it does not have any impact on a country's exchange rate in relation to other currencies. It may, however, have a psychological impact on the population by suggesting that a period of hyperinflation is over, and is not a reminder of how much inflation has impacted them. The reduction in the number of zeros also improves the image of the country abroad. Inflation over time is the main cause for the purchasing power of the monetary un ...
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Polish Mint
The Mint of Poland () is a private company (''Mennica Polska S.A.'') which is the only private body permitted to manufacture (mint) coins and investment products in Poland. It is located in Warsaw. It is a joint-stock company, with a listing on the Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ... since April 7, 1998, which makes it the only mint in the world that is publicly traded. History On 10 February 1766, the mint reform was effected in Poland, the new mint organized in Warsaw at Bielanska Street coined the gold, silver and copper pieces, as well as the medals and orders. References External links Mint of Poland Companies listed on the Warsaw Stock Exchange Mints of Europe Currencies of Poland {{Poland-company-stub ...
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Warsaw
Warsaw, officially the Capital City of Warsaw, is the capital and List of cities and towns in Poland, largest city of Poland. The metropolis stands on the Vistula, River Vistula in east-central Poland. Its population is officially estimated at 1.86 million residents within a Warsaw metropolitan area, greater metropolitan area of 3.27 million residents, which makes Warsaw the List of cities in the European Union by population within city limits, 6th most-populous city in the European Union. The city area measures and comprises List of districts and neighbourhoods of Warsaw, 18 districts, while the metropolitan area covers . Warsaw is classified as an Globalization and World Cities Research Network#Alpha 2, alpha global city, a major political, economic and cultural hub, and the country's seat of government. It is also the capital of the Masovian Voivodeship. Warsaw traces its origins to a small fishing town in Masovia. The city rose to prominence in the late 16th cent ...
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Groat (coin)
The groat is the traditional name of a defunct English and Irish silver coin worth four pence, and also a Scottish coin which was originally worth fourpence, with later issues being valued at eightpence and one shilling. Name The name has also been applied to any thick or large coin, such as the ''Groschen'' (''grosso''), a silver coin issued by Tyrol in 1271 and Venice in the 13th century, which was the first of this general size to circulate in the Holy Roman Empire and other parts of Europe. The immediate ancestor to the groat was the French '' gros tournois'' or groat of Tours, which was known as the ''groot'' (Dutch for "great" or "large") in the Netherlands. The name also refers to a range of other European coins such as those of the Italian peninsula known as a ''grosso'' including the grosso of Venice and the Kraków grosz in Poland. Marco Polo referred to the groat in recounts of his travels to East Asia when describing the currencies of the Yuan Empire. His de ...
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Groschen
Groschen (; from "thick", via Old Czech ') is the (sometimes colloquial) name for various coins, especially a silver coin used in parts of Europe including Kingdom of France, France, some of the Italian states, and various states of the Holy Roman Empire. The word is borrowed from the late Latin , , a description of a ''tornese''. ''Groschen'' was frequently abbreviated in old documents to ''gl'', in which the second character was not an ''L'' (12th letter of the alphabet), but an abbreviation symbol; later it was written as ''Gr'' or ''g''. Names and etymology The name was introduced in 13th-century France as ', lit. "thick French denier, penny", whence Old French ', Italian ', Middle High German ', Low German and Dutch ' and English ''groat (coin), groat''. In the 14th century, it appeared as Old Czech ', whence Modern German '. Names in other modern languages include: * * * * Bulgarian language, Bulgarian, Macedonian language, Macedonian, Russian language, Russi ...
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