Poland keeps small coins

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April 9, 2013 – Recently we reported that the National Bank of Poland planned to eliminate the smallest coins with the face value of 1 and 2 grosz (100 grosz make one zloty) due to the high production costs. Many countries all over the world are doing the same because of the increasing metal costs. The National Bank of Poland did not expect to meet strong resistance to these plans. However, the Ministry of Finance has now decided to keep the small coins because a research showed that retailers did not accept the elimination of 1 and 2 grosz coins. They argued that a popular mechanism of promoting products was to make the prices one grosz below the next highest zloty value (.99).

You can find the official website of the National Bank of Poland here.

More news about countries that decided or considered to eliminate small coins are stored in this archive section.