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Sunday, March 7, 2021

1000 zloty banknote. President of the NBP, Adam Glapiński, on a potential difficulty

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In nearly 4 years, the central financial institution has put into circulation 46.5 million banknotes with a face worth of 500 zlotys – mentioned the President of the Nationwide Financial institution of Poland Adam Glapiński on Friday. He famous that the pandemic was conducive to the truth that such notes have been “very accepted”. The top of the NBP additionally talked concerning the potential introduction of a 1000 zloty banknote.

Glapiński knowledgeable that from February 2017 to the tip of 2020, NBP put into circulation 46.5 million banknotes with a face worth of PLN 500. He added that the pandemic was conducive to the truth that banknotes of this denomination have been “very accepted”. – Solely from March to December final yr. we put into circulation 20 million banknotes with a denomination of PLN 500 – he mentioned.

As he defined, because of this, it was potential to cowl the banks’ wants for withdrawals made by clients.

Glapiński indicated, nonetheless, that not all banks accepted the nominal worth of PLN 500. As he mentioned, not everybody needed to modify ATMs. He added that there are additionally banks of the State Treasury.

The top of the NBP indicated that the nominal worth of PLN 500 was launched in order that there can be a “nationwide reserve of money”.

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– NBP doesn’t have every little thing in denominations of PLN 100 and PLN 200; a big a part of the NBP’s money inventory is in PLN 500 notes – he harassed.

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Adam Glapiński additionally talked concerning the potential difficulty of a 1000 zloty banknote.

– I believe that the subsequent president, and I hope I’ll within the subsequent time period of workplace, however each president who comes will introduce a 1000 zloty observe in some unspecified time in the future – mentioned the pinnacle of the NBP.

Adam Glapiński began the 6-year time period of workplace because the NBP president on June 21, 2016. In line with the legislation, the identical particular person can’t be the NBP president for greater than two phrases.

Foremost picture supply: TVN24



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