“The zloty stays.” Domański puts an end to speculations about the euro

Minister of Finance Andrzej Domański clearly denied speculations about preparations for the introduction of the euro in Poland. In an interview with RMF FM, conducted during the autumn meeting of the International Monetary Fund in Washington, he called reports on this subject “another fake news spread by the right-wing.” As he emphasized, Poland “is happy to have its own currency”, and the zloty plays a shock-absorbing role for the national economy during periods of market turmoil.

Transformation example

The head of the Ministry of Finance pointed out that in the US capital Poland is presented as a positive example of economic transformation. According to Domański, this is the result of “the enormous economic success achieved by our country.” The minister emphasized that Poland is currently the twentieth largest economy in the world, and in terms of GDP per capita after taking into account differences in price levels, it is expected to overtake Japan this year, which – as he noted – makes a great impression on partners.

Domański’s statements also included the topic of security and Poland’s place in global structures. The minister talked about a “security debate” in which economic arguments go hand in hand with political aspirations. He also referred to the issue of Poland potentially joining the G20 group. In his opinion, Warsaw’s ambitions are justified, and the support of the United States is palpable in this matter. He also recalled the invitation extended by President Donald Trump to President Karol Nawrocki to the leaders’ summit in Miami.

Uninterrupted growth

Domański argued that three and a half decades of uninterrupted economic growth and Poland’s position as the world’s 20th economy — “ahead of, among others, Switzerland” — strengthen Poland’s claim to the G20 table. In the minister’s opinion, these economic indicators, combined with the role of the zloty as a stabilizer in times of crisis, constitute the foundation of the government’s current strategy: maintaining its own currency and building its international position through strong, recognizable economic achievements.

To sum up, the Ministry of Finance is not working on adopting the euro, and monetary policy remains focused on maintaining the zloty. At the same time, the government emphasizes the success of the transformation and announces further efforts to strengthen Poland’s place in global bodies, including the G20.