Groszy Meaning and Polish Currency Explained

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Close-up photograph of numerous Polish grosz coins arranged chaotically.
Credit: pexels.com, Close-up photograph of numerous Polish grosz coins arranged chaotically.

The Polish currency, known as the złoty, is divided into 100 smaller units called groszy.

Groszy are the smallest denomination of Polish currency, making them ideal for small purchases or as change.

The word "groszy" is derived from the Polish word for "small money" or "small change".

In Poland, you can find groszy in coins, with denominations ranging from 1 grosz to 5 groszy.

Polish Złoty

The Polish złoty is the official currency of Poland and is subdivided into 100 groszy, with the symbol "zł" representing the złoty and "gr" representing the groszy.

Poland has a long history of using the złoty as its national currency, with the first version introduced in 1496. This early złoty was equivalent to 30 groschens of Prague.

In 1990, Poland redenominated the złoty, where one new złoty was equal to 10,000 old złotys. This change led to the introduction of a new version of the złoty, which is the country's current currency.

Macro shot of a 1 zloty Polish coin on a banknote, highlighting currency details.
Credit: pexels.com, Macro shot of a 1 zloty Polish coin on a banknote, highlighting currency details.

The current version of polish złoty coins were first minted in 1990, but not circulated until 1995. There are one hundred groszy to one złoty.

The coins in circulation are the one grosz, two grosze, five groszy, ten groszy, 20 groszy, 50 groszy, 1 zł, 2 zł, and 5 zł.

Złoty Denominations

The Polish złoty is subdivided into 100 groszy, also known as cents. This means that one złoty is equal to 100 groszy.

You can find coins in circulation with denominations of one grosz, two grosze, five groszy, ten groszy, 20 groszy, 50 groszy, 1 zł, 2 zł, and 5 zł.

The złoty is the official currency of Poland, and it's managed by the National Bank of Poland. The bank is responsible for producing and maintaining the stability of the złoty.

Banknotes are also a part of the Polish złoty system, with denominations of 10 zł, 20 zł, 50 zł, 100 zł, and 200 zł. The 200zł note has a unique feature - its color was changed in 2012.

Frequently Asked Questions

Is it groszy or Zloty?

The Polish currency is divided into two units: groszy (100 to a złoty) and złoty (the main unit of currency).

Archie Strosin

Senior Writer

Archie Strosin is a seasoned writer with a keen eye for detail and a deep interest in financial institutions. His work often delves into the history and operations of Missouri-based banks, providing readers with a comprehensive understanding of their roles in the local economy. A particular focus of his research is on Dickinson Financial Corporation and Armed Forces Bank, tracing their origins and evolution over the decades.

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