An award that confirms the effectiveness of protecting the value of the Polish currency

The National Bank of Poland and the National Bank of Ukraine have announced the winners of the “Currency Manager” Central Banking Award – the 10th edition of the prestigious award in the world of central banking.

Warsaw, March 22, 2023 – Narodowy Bank Polski is pleased to announce that it has received an award confirming the effectiveness of protecting the value of Polish currency and its management by Narodowy Bank Polski – Central Banking “Currency Manager”. . Forgive . The award was for currency management in the face of Russian aggression in Ukraine. The NBP and NBU were appreciated for their decisive and quick response.

Professor Adam Glapiński, President of the National Bank of Poland, commented on the award : “On behalf of the National Bank of Poland, which I have the honor to lead, I would like to express my pleasure that the latest edition of Central Banking’s “Currency Manager” has been jointly awarded to two closely cooperating central banks – National Bank Polski and National Bank of Ukraine: The award confirms the effectiveness of the protection of the value of the Polish currency and the management of the currency by the National Bank of Ukraine.

“The decades-long cooperation of our banks has been particularly important in the face of Russia’s bestial attack on Ukraine, which has caused, among other things, high inflation, disruptions to financial flows and a huge influx of refugees from Ukraine, of whom around 1.5 million are still finding refuge in Poland.

“In response to the crisis caused by Russian aggression, the National Bank of Poland undertook numerous relief measures to help Ukrainian citizens by assisting the Central Bank of Ukraine in maintaining the continuity of the country’s financial system, such as: B. a swap line for the USD/UAH currency pair up to USD 1 billion, in-kind contributions to the issue of supporting Ukraine…