National Bank of Poland
{{Short description|Central Bank of Poland}}
{{Use dmy dates|date=April 2023}}
{{Infobox Central bank
| name = National Bank of Poland
| native_name = Narodowy Bank Polski
| logo = Narodowy Bank Polski logo and wordmark (2021) v2.svg
| image = Gmach Narodowego Banku Polskiego w Warszawie.jpg
| caption = Headquarters of the National Bank of Poland in Warsaw
| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017}}
| headquarters = Warsaw, Poland
| established = 1945
| president = Adam Glapiński
| bank_of = Poland
| currency = Polish złoty (zł)
| currency_iso = PLN
| reserves = $162.7 billion (May 2021){{Cite web|url=https://www.nbp.pl/home.aspx?f=/aktualnosci/wiadomosci_2021/rezerwy_maj_2021.html|title=Narodowy Bank Polski – Internetowy Serwis Informacyjny|website=nbp.pl |access-date=4 November 2021}}
| website = [https://nbp.pl/en/ nbp.pl/en] {{in lang|pl|en}}
| preceded = Bank of Issue in Poland
| succeeded =
| footnotes =
}}
The Narodowy Bank Polski ({{IPA|pl|narɔdɔvɨ bank pɔlski|pron}}; the National Bank of Poland), often abbreviated to NBP, is the central bank of Poland, founded in 1945. It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has branches in 16 major Polish cities. The NBP represents Poland in the European System of Central Banks, an EU organization. The bank
doesn't translate its name to English but uses its Polish name Narodowy Bank Polski in all its English communications.
History
Although the bank has existed under its current name since 1945,{{cite web|url=http://www.nbp.pl/homen.aspx?f=/en/onbp/informacje/historia_bankowosci.html|title = The history of central banking in Poland|date = 22 September 2014|publisher = Narodowy Bank Polski|access-date = 11 April 2016}} it claims the legacy of two previous central banks, both named Bank of Poland ({{langx|pl|Bank Polski}}). The First Bank of Poland was founded in Warsaw in 1828 by Prince Franciszek Ksawery Drucki-Lubecki under the government of the Kingdom of Poland. The Second Bank of Poland, founded in 1924, was the central bank of the Second Polish Republic.
During the Second World War the gold reserves of Poland were transferred to Romania, Great Britain and Canada. In November 1946, following the cancellation of Poland's wartime debt, the larger part of prewar gold reserves were returned to new communist authorities. In 1947, the gold deposited in Romania in 1939 was returned, while the former Bank of Poland itself was closed down and finally in 1952 absorbed by the newly created Narodowy Bank Polski.
The latter was one of two banks allowed to operate in Poland's postwar planned economy. It had a monopoly for currency, credits and accumulation of savings. The other bank, PKO Bank Polski, was responsible for private accounts. After the fall of the communist system in 1989, the market economy was reintroduced and the NBP limited its functions to currency control and supervision of other, privately controlled banks.
Structure
The structure and functioning of the Narodowy Bank Polski are regulated by article 227Art. 227 Konstytucji Rzeczypospolitej Polskiej z dnia 2 kwietnia 1997 r. ([http://isap.sejm.gov.pl/isap.nsf/DocDetails.xsp?id=WDU19970780483 Dz.U. z 1997 r. nr 78, poz. 483]). of the Constitution of Poland of 1997 and the Narodowy Bank Polski Act{{cite journal|title=POWOŁANIE I ODWOŁANIE PREZESA NARODOWEGO BANKU POLSKIEGO W KONSTYTUCJI RZECZYPOSPOLITEJ POLSKIEJ I USTAWIE O NARODOWYM BANKU POLSKIM|author=Piotr Stanisławiszyn|journal=Ekonomia I Prawo|volume=7|date=2011-12-31|issn=1898-2255|doi=10.12775/eip.2011.009|doi-access=free}} of the same year.{{cite web|url=http://www.nbp.pl/akty_prawne/ustawa_o_nbp/ustawa_o_nbp.pdf|title = Organizacja NBP|date = 29 August 1997|language=pl|work = Ustawa o Narodowym Banku Polskim|publisher = Narodowy Bank Polski|access-date = 18 April 2013}} The president of the NBP is appointed by the Sejm, at the request of the president of the Republic of Poland, for a term of six years. The NBP president is responsible for the organisation and functioning of the Polish's central bank. The same person cannot serve as president of the NBP for more than two terms of office. Apart from his function as the superior of the NBP staff, he is also the chairman of the Monetary Policy Council, the NBP management board and the Commission for Banking Supervision. He is also responsible for representing Poland in international banking and financial institutions.
In 2019, the average employment at the National Bank of Poland on full-time amounts was 3312 people.{{cite web|title=Sprawozdanie z działalności Narodowego Banku Polskiego w 2019 roku. Druk nr 394|url=http://www.sejm.gov.pl/Sejm9.nsf/druk.xsp?documentId=F6A5FD74FD26C1D6C12585770048FB49|agency=sejm.gov.pl|pages=10|date=28 May 2020|access-date=2020-08-30}}
[[File:Prof. Adam Glapinski, Nov 2015.jpg|thumb|
Prof. Adam Glapinski in 2015, the current President of the NBP
]]
=List of presidents of the NBP=
- Edward Drożniak (1945–1949)
- Witold Trąmpczyński (1950–1956)
- Edward Drożniak (1956–1961)
- Adam Żebrowski (1961–1965)
- Stanisław Majewski (1965–1968)
- Leonard Siemiątkowski (1968–1972)
- Witold Bień (1973–1980)
- Stanisław Majewski (1981–1985)
- (acting) Zdzisław Pakuła (1985)
- Władysław Baka (1985–1988)
- Zdzisław Pakuła (1988–1989)
- Władysław Baka (1989–1991)
- Grzegorz Wójtowicz (1991)
- (acting) Andrzej Topiński (1991–1992)
- Hanna Gronkiewicz-Waltz (1992–2001)
- Leszek Balcerowicz (2001–2007)
- Sławomir Skrzypek (2007–2010)
- (acting) Piotr Wiesiołek (2010)
- Marek Belka (2010–2016)
- Adam Glapiński (since 2016)
Awards
- 2011 – award granted during the Numismatic Fair in Berlin "World Money Fair" for the Silver NBP coin with a denomination of PLN 10, dedicated to the Polish Underground State.{{cite web|title=Najbardziej inspirująca moneta na świecie|url=http://taxfin.pl/najbardziej_inspirujaca_moneta_na_swiecie|agency=Portal Taxfin|date=2011-02-08|access-date=2020-10-13}}
- 2012 – 1st place at the International Coin of the Year (Coty) competition and the title of the most interesting coin of 2011 for NBP coins "Europe without barriers".{{cite web|title=Polska moneta wygrała prestiżowy konkurs|url=http://biznes.onet.pl/wiadomosci/kraj/polska-moneta-wygrala-prestizowy-konkurs/4t2rf|agency=Onet Biznes|date=2012-12-07|access-date=2020-10-13}}
- 2016 – the title of the most interesting coin of the world in the prestigious numismatic contest Coin of the Year 2016 for the coins issued by the NBP, commemorating the 100th birthday of Jan Karski.{{cite web|title=Polska moneta zachwyciła świat. Co upamiętnia?|date=12 November 2015|url=http://www.tvp.info/22607631/polska-moneta-zachwycila-swiat-co-upamietnia|agency=www.tvp.info|access-date=2020-10-13}}
- 2017 – award on the Currency Conference for a collector's banknote "1050th anniversary of the Christianization of Poland" issued by the NBP.{{cite web|title=Sukces NBP i PWPW. Polski banknot z prestiżową nagrodą|url=https://biznes.wprost.pl/firmy-i-rynki/10055001/sukces-nbp-i-pwpw-polski-banknot-z-prestizowa-nagroda.html|agency=Biznes Wprost|date=2017-05-16|access-date=2020-10-13}}
- 2020 – main award by Dziennik Gazeta Prawna for supporting entrepreneurs during pandemic.{{cite web|title=NBP nagrodzony za wspieranie przedsiębiorców|url=https://wgospodarce.pl/informacje/86434-nbp-nagrodzony-za-wspieranie-przedsiebiorcow|agency=wgospodarce.pl|access-date=2020-10-13}}
Buildings
See also
{{Portal|Banks}}
References
{{reflist}}
External links
- [https://www.nbp.pl/en/ Narodowy Bank Polski official site]
{{Authority control}}
{{Poland topics}}
{{Central banks of the European Union}}
{{Members of Euro Banking Association}}
{{Central banks}}
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{{DEFAULTSORT:Narodowy Bank Polski}}
Category:1945 establishments in Poland