PLN 339 bln cleared through Elixir in August

Krajowa Izba Rozliczeniowa (KIR), Poland's automated clearing house (ACH), recorded 129 million transactions, altogether worth more than PLN 339 billion in August. The value of Express Elixir transactions reached PLN 538 million last month. The monthly express transaction volume stood at nearly 121,500. Euro Elixir transactions amounted to 1.4 million, and were worth nearly €8 billion. Krajowa Izba Rozliczeniowa was established in 1992 on the initiative of Związek Banków Polskich (The Polish Bank Association), the 16 biggest banks and the National Bank of Poland. The organization provides clearing services for electronic transactions within Poland.