Monday, June 6, 2016

The new banknote with face value of 500 zł. Marek Belka: the demand for cash is growing rapidly – Polish Radio

According to the NBP President Marek Belka preparation of a new issue of a reaction to the rising costs of maintaining a strategic reserve of cash in the bank, in denominations of two hundred and stuzłotowych. It is also a result of the increase in value of currency in circulation and the increased demand for banknotes of high denomination, especially dwustuzłotowych.


 

cash at a price

 

The demand for cash quickly rośnie- believes Marek Belka. This is due to economic growth, good situation on the labor market and low interest rates.


 
 

Currently, in wide circulation in Poland there are over 1.77 billion pieces of banknotes. The value of currency in circulation is 170 billion, or 16 percent. more than a year ago. At the same time the demand for banknotes in denominations of 200 zloty in the period May 2015 – May 2016 increased by 28 per cent .. Over the last 6 years the value of banknotes and coins in the Polish economy has almost doubled.


 

Salaries grow

 

Meanwhile, the structure of the banknote denominations in Poland has not changed in 21 years, ie since 1995 – emphasizes Marek Belka, comparing it with the amount of wages. Then the average salary in Poland was about $ 800, now exceeds 4,000 zlotys – emphasizes the NBP president.


 

It is important to the purchasing power

 

As stated in the information prepared by the NBP – Banknote 200 zł – the highest denomination operating on the Polish market-in terms of purchasing power is lowest, among the highest denominations used in the European Union. For example, Czech banknote with a value of 5,000 crowns is the equivalent of 822.9 zł, Danish crowns in 1000 – 598.1 zł, and the Croatian kuna in 1000 – 594.3 zł. (As of 05/24/2016). In contrast, the new banknote 500 zł is now the equivalent of 114 euros, and its purchasing power can be compared to a bank note of 200 euro in the euro area. “


 

The pilot phase

 

Work on the preparation of a new denomination progressing according to schedule. Polish National Bank has already received a pilot batch of banknotes produced in the Polish Security Printing Works. It is designed by Professor Andrzej Heidrich.


 

Modern security

 

In recent years, a modernization of the Polish banknotes by introducing some of the world’s most security. This helped to improve the level of safety and to reduce the cost of emissions.


 

For details on security features will be presented prior to its introduction into circulation. But now some of them presented Barbara Jaroszek -zastępca Director of the Department of Cash and Issue NBP. The most important of these is a wide thread; windows, which changes its color from blue to green. In addition, when the banknote by tilting the impression of movement of two overlapping spiral. For this protection refers next. It is printed optically variable ink helmet hussar, which also changes the color blue to green. At a time when the banknote moving heard a sound like the sounds of przesypywaniu sand.


 

Inclusion on the bill pięciusetzłotowym image of John III Sobieski helped keep the chronological continuity of the series “The Lord of the Polish”. Their characters were visible on the other banknotes, designed by Andrzej Heidrich, in denominations of 10, 20, 50, 100 and 200, respectively.


 

Earlier on the notes appeared ruler of the Piast dynasty and the Jagiellonian dynasty, in chronological order, corresponding to growth of denominations: Mieszko I, Boleslaw the Brave, Casimir the Great, Wladyslaw Jagiello and Sigismund I the Old.


 

Dariusz Kwiatkowski, abo

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