20th century Zloty

Zloty CoinsIn 1924, the second zloty began to be minted.

It was introduced by Wladyslaw Grabinski following the monetary chaos after World War II. One zloty contained 0.1687 grams of pure gold.

In 1939, Nazi Germany took over and there was an exchange rate of 1 Reichsmark for every two Zloty. New zloty banknotes were issued after World War II ended. In 1950, the third zloty was introduced, replacing all others. The new zloty lasted until 1995. After hyperinflation, the fourth zloty was made in 1995, replacing all previous forms of zloty. The issuing bank is the Narodowy Bank Polski.

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