The Republic of Poland is situated in Central Europe, bordered by Russia to the northeast, the Czech Republic and Slovakia to the south, Lithuania as well as Kaliningrad Oblast of Russia to the northeast, Germany to the west, and Belarus and Ukraine to the east. The 9th largest country by land area in Europe and has access to mountains and sea. Additionally, the nation is bestowed with rivers, beaches, lakes, hills, swamps, forests, and islands.
With a strong local market, low unemployment rate and debt, and the flexible monetary unit, the country is a developed and the sixth-largest economy in the European Union and the economic leader in Central Europe. It is also the only economy in Europe that wasn’t impacted by the 2008 recession.
The banking sector of Poland, which is regulated by the Polish Financial Supervision Authority, is the largest across the region. The Polish zloty is the most traded monetary unit in Central Euro. The currency was introduced in 1919, replacing the Polish marka. The earliest banknotes were issued by the Bank Polski, the Polish National Loan Office, the Emission Bank in Poland, and the Ministry of Finance. In 1945, the Narodowy Bank Polski or the National Bank of Poland was created and issued banknotes that were designed and printed by Goznak in Moscow, Russia, bearing the country’s coat of arms and guilloches. There was a grammatical error in the legal clause of these notes but was later on corrected when its production was moved to Poland.
In 1948, a new set of notes were released, featuring Polish people and some economic activities or tools. The 1974 - 1992 issues highlight Polish prominent figures and the emblem of Poland. In 1994, the bank released another set of banknotes that features the rulers of Poland. The designs of these notes were retained on the 2012- 2018 issues designed by Andrzej but with enhanced security features such as Omron rings, SPARK features, and RollingStar Cube security threads.