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The złoty is the official currency and legal tender of Poland. It is subdivided into 100 groszy. It is the most-traded currency in Central and Eastern Europe and ranks 20th most-traded in the foreign exchange market.
The word złoty is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder, whereas the grosz subunit is based on the groschen, cognate to the English word groat. It was officially introduced to replace its interim predecessor, the Polish marka, on 28 February 1919 and began circulation in 1924. The only bodies permitted to manufacture or mint złoty coins and banknotes are the Polish Security Printing Works, founded in Warsaw on 25 January 1919, and Mennica Polska, founded in Warsaw on 10 February 1766.
As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty became one new złoty. As a member of the European Union, Poland is obliged to adopt the euro when all specific conditions are met; however, there is no time limit for fulfilling all of them.
Currently, Poland is not in the European Exchange Rate Mechanism. Wikipediaಥಾಯ್ ಬಹ್ತ್ ಕುರಿತು
The baht is the official currency of Thailand. It is divided into 100 satang. The currency was officially adopted 1238 and continuously issued since. Initially issued in the podduang form, King Rama IV decided to switch to flat coins in 1860. The baht was then decimalized in 1897, before which the baht was divided into 8 fueang, each into 8 at, and each into 100 bia. The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023.
The baht was defined as 15.16 grams of silver or gold, which was exchanged at 16:1 ratio. This was the case until the decree of June 29th 1874 which switched the Thai baht to the silver standard, and again in 1908, converting the baht to the gold standard before being completely debased in 1962 with the halt in production of the silver baht coin.
The baht was pegged to the spanish dollar from 1856 at a ฿5 to $3 ratio. It was then pegged to the pound at a ฿8 to £1 in 1880 and subsequently several re-pegging to a new ratio. The baht was then pegged to the US Dollar at a ฿20 to $1 ratio along with several re-peg. Wikipedia