RT.com
29 Mar 2023, 16:45 GMT+10
Keeping the national currency allows Warsaw to maintain independence and sovereignty, according to the central bank
Poland's central bank governor, Adam Glapinski, has urged the government to not allow the abandonment of the national currency, the zloty, in favor of the euro.
The current government has opposed joining the Eurozone for the foreseeable future.
Maintaining our "own currency brings many benefits. Thanks to [the fact that we have] our own currency, which allows for a sovereign monetary policy, Poland has been able to enjoy stable economic growth for years," Glapinski wrote in a letter to the participants of the Monetary Sovereignty Forum, which took place in Warsaw on Tuesday. "We should not and cannot give up the zloty," he said.
He also pointed to the role of cash in economic transactions as a stabilizer of the economy, especially in times of crisis.
Glapinsky has been a vocal opponent of joining the Eurozone, claiming it would be "extremely harmful." According to him, keeping the national currency is crucial for the country's independence and sovereignty. The central bank governor previously vowed to block the move as long as he is in charge of monetary policy.
READ MORE: Poland alleges German pressure to adopt euro
Poland joined the European Union in 2004. Under the terms of the Treaty of Accession with the EU, all new member states should participate in the economic and monetary union from the date of accession. This means that Poland is required to eventually replace its currency with the euro.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationKHAN YOUNIS, Gaza - Seven Israeli soldiers were killed in a large explosion in southern Gaza's Khan Younis area on Tuesday night,...
DUBAI, U.A.E.: Iran's top clerics are quietly accelerating succession plans for Supreme Leader Ayatollah Ali Khamenei, who was threatened...
BEIJING, China: Extreme weather is once again testing China's resilience, as intensifying monsoon rains trigger floods across major...
LONDON/PARIS: British and French authorities have warned people to stay safe as an early summer heat wave brings unusually high temperatures...
ANKARA, Turkey: Amid rising tensions in the Middle East, the Organisation of Islamic Cooperation (OIC) announced it would form a new...
WASHINGTON DC, - U.S. President Donald Trump has claimed a ceasefire has been reached between Israel and Iran. He made the claim on...
New Delhi [India], June 25 (ANI): Former India cricketer and World Cup winner Madan Lal looked back fondly on India's landmark title...
Mumbai (Maharashtra), June 25 (ANI): After waiting in the wings for his opportunity, Bhupinder Singh eventually made his way into the...
(250625) -- PHILADELPHIA, June 25, 2025 (Xinhua) -- Players of Chelsea celebrate after winning the Group D football match between England's...
New Delhi [India] June 25 (ANI): The Indian Street Premier League (ISPL), India's pioneering tennis-ball T10 cricket league, has announced...
New Delhi [India], June 25 (ANI): India marked one of the greatest days in cricket history as they lifted the ICC ODI World Cup for...
New Delhi [India] June 25 (ANI): New Zealand have announced their schedule for the upcoming home summer, with a whopping five teams...