The coin’s denomination is 1,766 Cameroonian francs, but its real value is much higher, says Mint of Poland.
The coin’s denomination is 1,766 Cameroonian francs, but its real value is much higher, says Mint of Poland.
It is the first time since Eurostat’s records began that Poland’s savings rate has fallen below zero.
We are an independent, nonprofit media outlet, funded through the support of our readers.
If you appreciate the work we do, please consider helping us to continue and expand it.
“We are safeguarding future generations’ access to Polish currency, to cash,” says the interior minister.
Most Poles (70%) say their financial situation has deteriorated over the last year, compared to 50% who said the same a year ago.
The collector’s items will be issued in an “expedited” and “extraordinary” procedure.
“We want to pay tribute to a great man,” said the head of Poland’s central bank.
Maria Wilczek
PiS has financed lavish spending with a booming economy. Now it will need new sources of revenue.
Amid the pandemic, most Poles say they have been cutting back on spending and have stopped putting aside money for savings.
The move would buck an international trend away from high-denomination notes.