Polish złoty

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/polish-zoty

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. Who wrote Polish złoty?Polska Wytwórnia Papierów Wartościowych (PWPW) and Mennica Polska
2. What is the official currency code?PLN
3. What is the subdivision?1 złoty = 100 groszy
4. What does the word 'złoty' mean and why is it called that?The word 'złoty' comes from the Polish word for 'golden.' It shows that the money was once linked to gold, like many old coins.
5. When did Poland start using the złoty and why?Poland started using the złoty on February 28, 1919, and it began circulating in 1924. It helped rebuild the country’s economy after long periods of division.

Legal Tender: Money that by law must be accepted as payment for debts.
Foreign Exchange Market: A global marketplace where currencies are traded against one another.
Redenomination: The process of changing the face value of a currency, typically to simplify accounting and combat inflation.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.