Poland and the euro

Eurozone participation
European Union member states
(special territories not shown)
  20 in the eurozone
  1 in ERM II, without an opt-out (Bulgaria)
  1 in ERM II, with an opt-out (Denmark)
  5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
Non–EU member states
  4 using the euro with a monetary agreement (Andorra, Monaco, San Marino, and Vatican City)
  2 using the euro unilaterally (Kosovo and Montenegro)

Poland does not use the euro as its currency. However, under the terms of their Treaty of Accession with the European Union, all new Member States "shall participate in the Economic and Monetary Union from the date of accession as a Member State with a derogation", which means that Poland is obliged to eventually replace its currency, the złoty, with the euro.

There is no target date for Polish euro adoption, and no fixed date for when the country will join ERM-II (the fifth euro convergence criterion).[1]

Euro adoption will require the approval of at least two-thirds of the Sejm to make a constitutional amendment changing the official currency from the złoty to the euro.[2] The Law and Justice (PiS) party, Poland's largest political party, opposes euro adoption.[3][4] Prime Minister Donald Tusk has said that he may agree to a referendum on euro participation in order to gain their support for a constitutional amendment. There is not yet any official information on the design process for the Polish national sides of the euro coins.

  1. ^ "Polska w strefie euro znajdziemy się najwcześniej po 2020 roku". biznes.interia.pl.
  2. ^ Odpowiedź na interpelację w sprawie wprowadzenia unijnej waluty bez zmiany konstytucji
  3. ^ Cite error: The named reference prez was invoked but never defined (see the help page).
  4. ^ Puhl, Jan (6 February 2013). "Core or Periphery?: Poland's Battle Over Embracing the Euro". Der Spiegel. Retrieved 8 February 2013.

Poland and the euro

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