Which currency is the official money of Poland and is divided into 100 groszy?

The Polish złoty is the official currency of Poland and is divided into 100 groszy.

The Polish National Bank, or Narodowy Bank Polski, issues the country’s banknotes and manages monetary policy. The złoty’s ISO 4217 code is PLN. In Polish, złoty means “golden,” while grosz is the name of the fractional unit.

The modern złoty was introduced in 1995 after a major monetary reform that removed four zeros from the previous currency. One new złoty replaced 10,000 old złotys. The reform followed years of severe inflation and helped simplify prices and accounting.

The złoty is sometimes confused with currencies in neighbouring Central European countries, such as the Czech koruna and Hungarian forint. Poland is a member of the European Union, but it has not adopted the euro, so the złoty remains its national currency.