DollarToday.live

Poland złoty

The złoty (alternative spelling: zloty; Polish: polski złoty, Polish: [ˈzwɔtɨ] ; abbreviation: zł; code: PLN, English: golden) is the official currency and legal tender of Poland. It is subdivided into 100 groszy (gr). It is the most-traded currency in Central and Eastern Europe and ranks 21st most-traded in the foreign exchange market. The word złoty is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder, whereas the grosz subunit is based on the groschen, cognate to the English word groat. It was officially introduced to replace its interim predecessor, the Polish marka, on 28 February 1919 and began circulation in 1924. The only bodies permitted to manufacture or mint złoty coins and banknotes are the Polska Wytwórnia Papierów Wartościowych (PWPW), founded in Warsaw on 25 January 1919, and Mennica Polska, founded in Warsaw on 10 February 1766. As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty (PLZ) became one new złoty (PLN). As a member of the European Union, Poland is obligated to adopt the euro when all specific conditions are met; however, there is no time limit for fulfilling all of them. Currently, Poland is not in the European Exchange Rate Mechanism (ERM II).

Russian Ruble

The ruble or rouble (Russian: рубль, romanized: rublʹ; symbol: ₽; ISO code: RUB) is the official currency of the Russian Federation. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's monetary authority independent of all other government bodies. The ruble is the second-oldest currency in continuous use and the first decimal currency. The ruble was the currency of the Russian Empire, which was replaced by the Soviet ruble (code: SUR, 810) during the Soviet Union. Following the dissolution of the Soviet Union, by 1992, the Soviet ruble was replaced in the Russian Federation by the Russian ruble (code: RUR, 810) at par. The Russian ruble then further continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. The ruble was further redenominated with the new ISO 4217 code "RUB, 643" just preceding the 1998 financial crisis, and was exchanged at the rate of 1000 RUR = 1 RUB. Code "RUR, 810" was then excluded from both the ISO 4217 standard and the Russian currency classifier, but continues to be used for numbering bank accounts internally within Russia. The ruble is a free-floating currency and is subdivided into 100 kopecks which have fallen out of use due to inflation. In 2023, the digital ruble was introduced. The Russian ruble is also used as a de facto legal tender in Baikonur, Abkhazia and South Ossetia.