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Polish Złoty
The złoty (; abbreviation: zł; code: PLN) is the official currency and legal tender of Poland. It is subdivided into 100 grosz (''gr'').Singular: ''grosz'', alternative plural forms: ''groszy'', ''grosze''. The widely recognised English form of the currency name is the Polish zloty. It is the most traded currency in Central and Eastern Europe and ranks 22nd 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 was based on the groschen, cognate to the English word groat. It was officially introduced to replace its predecessor, the Polish mark, on 28 February 1919 and began circulation in 1924. The only body permitted to manufacture or mint złoty coins is Mennica Polska, founded in Warsaw on 10 February 1766. As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty (PLZ) ...
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500 Złotych Note
The Polish 500 Złotych note is a denomination of Polish currency. The bill's dimensions are 150 × 75 mm. It has been put into circulation on 10 February 2017. The obverse of the note features a likeness of King John III Sobieski. The reverse depicts a crowned eagle and the Wilanów Palace in Warsaw. It has been designed by Andrzej Heidrich who designed the remaining notes of the 1994/2012 series as well. The banknotes feature a double-letter prefix and a seven-digit serial number. History First złoty banknotes A 500 złotych note was among the treasury notes issued in 1794. Second złoty banknotes Once the złoty was reinstated in 1924, a 500 złotych note featuring an image of Tadeusz Kościuszko, dated 1919 and printed in advance in United Kingdom, was put into circulation. It was the highest-value note in circulation until the outbreak of World War II. Under the General Government, the Bank of Issue in Poland issued a 500 złotych note dated 1940. The so ...
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Polish Coins And Banknotes
Current Polish coins and banknotes 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 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 The złoty (; abbreviation: zł; ISO 4217, code: PLN) is the official currency and legal tender of Poland. It is subdivided into 100 Groschen, grosz (''gr'').Singular: ''grosz'', alternative plural forms: ''groszy'', ''grosze''. The widely recog ... * Commemorative coins of Poland References {{Polish currency and coinage Currencies of Poland Lists of coins ...
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Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works thr ...
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Polish Language
Polish (Polish: ''język polski'', , ''polszczyzna'' or simply ''polski'', ) is a West Slavic language of the Lechitic group written in the Latin script. It is spoken primarily in Poland and serves as the native language of the Poles. In addition to being the official language of Poland, it is also used by the Polish diaspora. There are over 50 million Polish speakers around the world. It ranks as the sixth most-spoken among languages of the European Union. Polish is subdivided into regional dialects and maintains strict T–V distinction pronouns, honorifics, and various forms of formalities when addressing individuals. The traditional 32-letter Polish alphabet has nine additions (''ą'', ''ć'', ''ę'', ''ł'', ''ń'', ''ó'', ''ś'', ''ź'', ''ż'') to the letters of the basic 26-letter Latin alphabet, while removing three (x, q, v). Those three letters are at times included in an extended 35-letter alphabet, although they are not used in native words. The traditional set co ...
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Noun
A noun () is a word that generally functions as the name of a specific object or set of objects, such as living creatures, places, actions, qualities, states of existence, or ideas.Example nouns for: * Living creatures (including people, alive, dead or imaginary): ''mushrooms, dogs, Afro-Caribbeans, rosebushes, Nelson Mandela, bacteria, Klingons'', etc. * Physical objects: ''hammers, pencils, Earth, guitars, atoms, stones, boots, shadows'', etc. * Places: ''closets, temples, rivers, Antarctica, houses, Grand Canyon, utopia'', etc. * Actions: ''swimming, exercises, diffusions, explosions, flight, electrification, embezzlement'', etc. * Qualities: ''colors, lengths, deafness, weights, roundness, symmetry, warp speed,'' etc. * Mental or physical states of existence: ''jealousy, sleep, heat, joy, stomachache, confusion, mind meld,'' etc. Lexical categories (parts of speech) are defined in terms of the ways in which their members combine with other kinds of expressions. The synt ...
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Adjective
In linguistics, an adjective ( abbreviated ) is a word that generally modifies a noun or noun phrase or describes its referent. Its semantic role is to change information given by the noun. Traditionally, adjectives were considered one of the main parts of speech of the English language, although historically they were classed together with nouns. Nowadays, certain words that usually had been classified as adjectives, including ''the'', ''this'', ''my'', etc., typically are classed separately, as determiners. Here are some examples: * That's a funny idea. (attributive) * That idea is funny. ( predicative) * * The good, the bad, and the funny. (substantive) Etymology ''Adjective'' comes from Latin ', a calque of grc, ἐπίθετον ὄνομα, epítheton ónoma, additional noun (whence also English ''epithet''). In the grammatical tradition of Latin and Greek, because adjectives were inflected for gender, number, and case like nouns (a process called declension), they were ...
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Poles
Poles,, ; singular masculine: ''Polak'', singular feminine: ''Polka'' or Polish people, are a West Slavic nation and ethnic group, who share a common history, culture, the Polish language and are identified with the country of Poland in Central Europe. The preamble to the Constitution of the Republic of Poland defines the Polish nation as comprising all the citizens of Poland, regardless of heritage or ethnicity. The majority of Poles adhere to Roman Catholicism. The population of self-declared Poles in Poland is estimated at 37,394,000 out of an overall population of 38,512,000 (based on the 2011 census), of whom 36,522,000 declared Polish alone. A wide-ranging Polish diaspora (the '' Polonia'') exists throughout Europe, the Americas, and in Australasia. Today, the largest urban concentrations of Poles are within the Warsaw and Silesian metropolitan areas. Ethnic Poles are considered to be the descendants of the ancient West Slavic Lechites and other tribes that inhabited ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by 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. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ...
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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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Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officially estimated at 1.86 million residents within a greater metropolitan area of 3.1 million residents, which makes Warsaw the 7th most-populous city in the European Union. The city area measures and comprises 18 districts, while the metropolitan area covers . Warsaw is an Alpha global city, a major cultural, political and economic hub, and the country's seat of government. Warsaw traces its origins to a small fishing town in Masovia. The city rose to prominence in the late 16th century, when Sigismund III decided to move the Polish capital and his royal court from Kraków. Warsaw served as the de facto capital of the Polish–Lithuanian Commonwealth until 1795, and subsequently as the seat of Napoleon's Duchy of Warsaw. The 19 ...
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Polish Mint
The Mint of Poland ( pl, Mennica Polska) is a private company (''Mennica Polska S.A.'') which is the only 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), pl, Giełda Papierów Wartościowych w Warszawie, is a stock exchange in Warsaw, Poland. It has a market capitalization of PLN 1.05 trillion (EUR 232 billion; as of December 23, 2020). The WSE is a member of the ... 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 (currency) Economy of Poland {{Poland-stub ...
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