Polish National Bank today announced the new Polish banknote circulation in denominations of 500 zł with the image of John III Sobieski. Circulation is expected in February 2017 year.
The bill was the image of John III Sobieski, thus retaining the chronological continuity of the series was “The Lord of the Polish”. The image of a banknote 500 zł designed by Andrzej Heidrich, author of other Polish circulation banknotes in denominations of 10, 20, 50, 100 and 200 zł. On the other bills are Polish rulers from the Piast dynasty and the Jagiellonian dynasty in chronological order corresponding to the growth of denominations: Mieszko I, Boleslaw the Brave, Casimir the Great, Wladyslaw Jagiello and Sigismund I the Old. The producer of banknotes on behalf of National Bank of Poland is Polish Security Printing Works.
After what the new bill? As explained by representatives of the National Bank of Poland, in the last years record increase in the value of currency in circulation and the increased demand for high-denomination banknotes, particularly in the denomination of 200 dollars. The issue of banknote 500 zł is the answer to this phenomenon, and the rising costs of maintaining inventories of strategic cash by the NBP.
ZR & oacute; DLO: tvn24 banknote with a face value of 500 zł
The new bank notes in denominations of 500 zł will be presented on Monday. Was … see more »
– One of the objectives of the NBP is to provide a safe and effective cash transactions in Poland, which will suit the needs of citizens and businesses. The introduction into circulation of the banknote 500 zł fits in this task. In the first years of the banknote 500 zł it will be used primarily to keep a stock of strategic NBP is so rarely seen in circulation. The new denomination will, however, reduce the costs of ordering and storing inventory strategy at the bank, resulting in, among others, will be savings in the functioning of National Bank of Poland – explains the president of the National Bank of Poland prof. Marek Belka.
According to the Act on the NBP, 95 percent. the profit generated by the central bank is transferred directly to the state budget.
Source: NBP New banknote 500 zł
How much money circulates in the economy?
the wide circulation in Poland is now more than 1.77 billion pieces of banknotes. The value of cash in circulation in Poland is currently more than 170 billion – 16 percent more than a year ago. Meanwhile, the demand for bank notes in denominations of 200 zloty in the period May 2015 – May 2016 increased by 28 percent. In the past 6 years the value of banknotes and coins in the Polish economy, almost doubled. The structure of banknote denominations in Poland has not changed in 21 years, ie since 1995. Then the average salary in Poland was about $ 800, now more than 4000 dollars.
ZR & oacute; DLO: Shutterstock / HB Lindsley / Wikipedia (public domain) Portrait of Harriet Tubman will be figured on the new 20-dollar bill
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