Having a national currency can make it easier to pursue national economic objectives. It can also be useful in dealing with emergencies, and it protects citizens from possible problems in being forced to use foreign currencies....
Most often we get to hear about the dollar, the euro or the Swiss franc. The pound will get a mention now and then, and sometimes the yen. The press often reports on emerging currencies, such as the Turkish lira, the Russian...
Piotr Szpunar, Director of the Economic Analysis Department at NBP, interviews Stefan Ingves, the Governor of Sveriges Riksbank, for the NBP Obserwator Finansowy:
As the political crisis in Belarus increases, banks find themselves under severe pressure. With an ever growing number of people withdrawing money, the National Bank of Belarus has no choice but to sell its reserves on financial...
The EU is looking for ways to respond to the crisis caused by the pandemic, but the Eurozone is still far from becoming a fiscal union. In crisis Poland should be happy to be outside the Eurozone and to have independent central...
In just a few years, the PLN grew from a niche currency into one of the most popular currencies in Ukraine and is currently battling for the third position with the RUB.
Russia’s second largest bank, VTB, came with a number of proposals for expanding the use of the Russian ruble in international financial settlements.
International investors treat emerging markets as one which often leads to the withdrawal of capital from these markets thus weakening the local currency.
The unexpected decision by the Swiss National Bank Thursday to stop defending the longtime benchmark of 1.20 francs to the euro has set off panic across central Europe, with Poland the most exposed of all the region’s countries...