Adam Glapinski has pleaded with the Polish government to prevent the zloty from being replaced with the euro
Adam Glapinski has pleaded with the Polish government to prevent the zloty from being replaced with the euro
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Warsaw: Adam Glapinski, the governor of Poland's central bank, has pleaded with the government to prevent the zloty from being replaced by the euro.

For the foreseeable future, the current government has been opposed to joining the Eurozone.

Maintaining our "own currency" has numerous advantages. Poland has been able to experience stable economic growth for years because [we have] our own currency, which enables a sovereign monetary policy,

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Glapinski wrote in a letter to the attendees of the Monetary Sovereignty Forum, which was held in Warsaw on Tuesday. He declared, "We should not and cannot give up the zloty."

He also emphasised the importance of cash as an economic stabiliser, particularly during times of crisis.

According to Glapinsky, joining the Eurozone would be "extremely harmful." He has been a vocal opponent. He contends that maintaining the national currency is essential to the independence and sovereignty of the nation. As long as he is in charge of monetary policy, the governor of the central bank has vowed to obstruct the action.

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In 2004, Poland acceded to membership in the EU. All new member states must take part in the economic and monetary union as of the date of accession, according to the terms of the Treaty of Accession with the EU. This implies that Poland must eventually switch to the euro as its official currency.

The national currency had nothing to do with this "stable economic growth for years." It had to do with the enormous sums of taxpayer money that Germany and France had wasted.

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National currencies and the Euro can coexist. It will be wise for Poland to maintain its own currency. Only your own currency should be used for national debt. By reintroducing their own currencies, other European countries should start the process of regaining their sovereignty.

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