Many Poles experienced moments of horror on January 1, 2024. According to Google data, the Polish zloty started the new year with a major collapse. After 5 p.m., the euro jumped sharply to PLN 5.36 and the dollar to PLN 4.87. The Internet was flooded with questions about the reason for the sudden weakness of the zloty. The most common comments were related to two speeches by prominent Polish politicians – Prime Minister Donald Tusk and President Andrzej Duda.
Meanwhile, the answer is more realistic. The sudden currency turmoil was caused by Google's fault, most likely due to the fact that the Polish National Bank did not provide the search engine with current data on exchange rates on January 1st.
Finance Minister Andrzej Domanski has already commented on the situation. “Relaxing. This zloty rate causing panic is fake (error in data source). Markets in Asia will open soon and the situation will return to normal,” he wrote on X (formerly Twitter).
In fact, according to the latest Bloomberg data published by the head of the Ministry of Finance, as well as bank rates, the zloty exchange rate against the largest currencies did not undergo a shock on Monday – according to Revolut, late in the evening the euro cost 4.32 PLN and the dollar – 3.92 PLN.
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