National Bank of Poland
Złoty
Http://www.nbp.pl
Bank Polski
The National Bank of Poland (NBP, German National Bank of Poland ) is the central bank of Poland, based in Warsaw.
- 2.1 Bank Polski
- 2.2 National Bank of Poland
- 3.1 See also
- 3.2 External links
- 3.3 footnotes
Structure
President
At the head of the National Bank of Poland, the President ( Prezes ) is. He shall be appointed by the Sejm at the request of the President for a period of six years. Of 10 January 2007 until his accidental death 10 April 2010 Sławomir Skrzypek was president of the authority. His successor was elected on 10 June 2010 Marek Belka.
Monetary Policy Council
The President is a member of the Monetary Policy Council ( Rada Polityki Pieniężnej ), which belong to nine other members. The members of the Council shall be determined in equal parts by the President, the Sejm and the Senate. The Council takes the monetary policy decisions of the central bank.
Management Board
Transactions are managed by the Administrative Board ( Zarząd ). Main task of the Board is managing the implementation of monetary policy guidance of the Council.
Regional offices
For the performance of their duties, such as ensuring the supply of money in the provinces, the central bank has several branches outside Warsaw. These are located in Bialystok, Wroclaw, Bydgoszcz, Gdansk, Katowice, Krakow, Kielce, Lublin, Łódź, Olsztyn, Opole, Poznań, Rzeszów, Szczecin and Zielona Góra.
History
Bank Polski
The foundation of today's central bank goes back to the founding of the Bank Polski whose facility was planned in 1918 after the division at the beginning of the restoration of Poland. The Bank's Statute was approved on 20 January 1924. The Bank had the sole right to issue banknotes. Your standing in front of a five-member committee, president of the bank was Stanisław Karpiński. To ensure the independence of the Bank, the Bank had been founded as a limited company whose capital was provided by 176,000 shareholders via a forced loan. 36 % of the capital came from the industry, 25 % of civil servants, 14 % of banks, 10 % of retail companies and 8 % of landowners. Her work took the Bank on 28 April 1924 with the implementation of a currency reform. The then accepted Polish marrow, which was impacted by hyperinflation, was replaced as part of the economic stabilization plan by Władysław Grabski, which included a financial, banking and currency reform by the zloty. The independence did not exist but in fact. Due to the bad economic situation and the increase of the national debt, the government led the bank to issue more bills and there was another one, albeit with a 15 % increase per year, only heavy inflation.
With the campaign in Poland and the Soviet occupation of eastern Poland the Bank's work ended in Poland. It existed until 1952 in exile in England on.
National Bank of Poland
In 1945, after the end of World War II, the National Bank of Poland was established under Soviet influence as state bank. It was subordinate to the Polish Ministry of Finance ( Ministerstwo Skarbu ). Originally, the bank was only intended as a bankers' bank and should not maintain direct business relations with companies. This requirement but was already abandoned one year after ( re-) establishment of the Bank. The Bank's tasks were constantly expanded. In 1952 she liquidated the Bank Polski in exile in Britain. The Bank PKO BP was taken in 1975 and the National Bank of Poland became the banking monopoly in the People's Republic of Poland. In the 1980s, the task of the monopoly and the concentration on the tasks as the central bank began. During the 1980s, the zloty experienced high rates of inflation.
With the political changes and the market reforms in 1990, thanks to the strict monetary policy of the Polish National Bank, the inflation rates decreased constantly.
With the changeover on 1 January 1995, the zloty was the factor 1: 10,000 re-evaluated.