Zloty stands firm against the euro

The euro exchange rate against the zloty has held steady at close to zl. 4 for the last few months, while the rate of the US dollar has fluctuated continually. According to some economists, this may be an indication that investors treat Poland as if it were already in the EU. It is a fact that when the zloty gets weaker, it loses much more to the dollar than to the euro. "The euro is slowly becoming the Polish currency, as we are becoming much more tied to European markets. The Finance Ministry now issues more bills in EU currency than in an American," said currency analyst Marek Zuber. According to Jacek Wisniewski from Pekao, this trend is due to tendencies on global markets, where the US dollar is losing its value. (Parkiet, p. 5) M.M.