Currency Reforms in the Polish State After 1945. Legaleconomic Issues

• Authors: Robert Jastrzębski

Abstracts

EN

The subject of the article are currency reforms that were carried out after the Second World War in the Polish state. The first legal regulations from 1944 - 45 concerned the unification of the money circulation, which in practice meant the exchange of occupation money for the new currency. However, the repayment of financial claims made before the outbreak of the war was regulated by a decree of 1949. Another monetary reform concerned the new, socialist economic policy of the Polish state. The basis for it was the Act of October 28, 1950 on the change of the monetary system. After this reform, periodic changes in prices and wages were introduced, which were not based on strictly legislative solutions. In practice, these ordinances were in the nature of new monetary reforms. The Act of 1950 was repealed by the Act of 7 July 1994 on the denomination of the zloty.

Keywords

EN

currency reforms; inflation; deflation; monetary nominalism; valorization

• Publisher: Uniwersytet im. Adama Mickiewicza w Poznaniu
• Journal: Studia Historiae Oeconomicae
• Year: 2017
• Volume: 35
• Pages: 97-111

Dates

published

2017

Contributors

author

Robert Jastrzębski

• University of Warsaw, Warsaw

• https://orcid.org/0000000272650614

Identifiers

DOI

10.2478/sho-2017-0007

Biblioteka Nauki

1390798