Search results
Results From The WOW.Com Content Network
The Narodowy Bank Polski (pronounced [narɔdɔvɨ bank pɔlski]; the National Bank of Poland), often abbreviated to NBP, is the central bank of Poland, founded in 1945. It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has branches in 16 major Polish cities.
Denomination, "The National Bank of Poland" inscription, date, coat of arms (without the crown); portrait of a fisherman Gdynia port 30 June 1978 100 złotych 172×82 Red Denomination, "The National Bank of Poland" inscription, date, coat of arms (without the crown); portrait of a miner A picture of a factory 30 June 1977 500 złotych 178×85
The Bank Polski was proclaimed as the new central bank of Poland. The marka was exchanged for a new, gold-based currency, the złoty , at the rate of Mp 1,800,000 to 1 zł. One US dollar was then worth 5.18 zł—or Mp 9,324,000.
Euribor. The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (or interbank market). Prior to 2015, the rate was published by the ...
The National Bank of Poland cut its benchmark rate a quarter of a percentage point to 5.75%. Analysts were expecting it after annual inflation dropped last month from 10.1% in August.
The Monetary Policy Council, Polish: Rada Polityki Pieniężnej (RPP), is a body of Narodowy Bank Polski, the central bank of Poland. Each year, in parallel with the budget project presented by the government, the MPC sets the bases of monetary policy. It sets the level of the NBP's interest rates, the rules and levels of bank's reserve ...
Purchasing power parity exchange rate is used when comparing national production and consumption and other places where the prices of non-traded goods are considered important. (Market exchange rates are used for individual goods that are traded). PPP rates are more stable over time and can be used when that attribute is important.
Other research has included government reports drawn up by the Ministry of Finance in Poland in 2005 [49] and two reports by the National Bank of Poland (NBP) in 2004 [50] and 2009. [51] The NBP report from 2009 concluded that in the long-term, Poland's GDP would expand by an extra 7.5% if it became a member of the eurozone, with most of that ...