Tag: monetary policy
The Polish zloty entered into circulation almost 94 years ago, on April 1924. It replaced the Polish mark, which became devalued due to hyperinflation. This was the effect of the determination and currency reform of Władysław Grabski’s government.
Digital currencies issued by central banks could strengthen the effectiveness of monetary policy transmission, but at the same time they pose a threat to financial stability – writes the Bank for International Settlements (BIS) in its latest report.