National Bank of Poland

History

Although the bank has existed under its current name since 1945, it claims the legacy of two previous central banks, both named Bank of Poland (). 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 227 of the Constitution of Poland of 1997 and the Narodowy Bank Polski Act of the same year. 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.

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.
• 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".
• 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.
• 2017 – award on the Currency Conference for a collector's banknote "1050th anniversary of the Christianization of Poland" issued by the NBP.
• 2020 – main award by Dziennik Gazeta Prawna for supporting entrepreneurs during pandemic.

Buildings

File:Narodowy Bank Polski widok od placu Powstańców Warszawy 2020.jpg|Warsaw File:Bank Państwa, elewacja frontowa, Kościuszki 14, Łódź.jpg|Łódź File:NarodowyBankPolski-GmachKrakowski-POL, Kraków.JPG|Kraków File:1251 Narodowy Bank Polski ul. Okopowa 1 front. Rafał Peplinski.JPG|Gdańsk

References

References

1. (2017). "The Organisation and Structure of Central Banks".
2. "Narodowy Bank Polski – Internetowy Serwis Informacyjny".
3. ({{date). "List of ESRB Members and National Macroprudential Authorities".
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5. Art. 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]).
6. Piotr Stanisławiszyn. (2011-12-31). "POWOŁANIE I ODWOŁANIE PREZESA NARODOWEGO BANKU POLSKIEGO W KONSTYTUCJI RZECZYPOSPOLITEJ POLSKIEJ I USTAWIE O NARODOWYM BANKU POLSKIM". Ekonomia I Prawo.
7. (29 August 1997). "Organizacja NBP". Narodowy Bank Polski.
8. (28 May 2020). "Sprawozdanie z działalności Narodowego Banku Polskiego w 2019 roku. Druk nr 394".
9. (2011-02-08). "Najbardziej inspirująca moneta na świecie".
10. (2012-12-07). "Polska moneta wygrała prestiżowy konkurs".
11. (12 November 2015). "Polska moneta zachwyciła świat. Co upamiętnia?".
12. (2017-05-16). "Sukces NBP i PWPW. Polski banknot z prestiżową nagrodą".
13. "NBP nagrodzony za wspieranie przedsiębiorców".