Nbpb

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Nbpb

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Nbpb

The bank is headquartered in Warsaw , and has branches in 16 major Polish cities. The bank doesn't translate its name to English and uses its Polish name Narodowy Bank Polski in all English communications. Although the bank has existed under its current name since , [3] it is a continuation of two previous central banks, both named simply Bank of Poland Bank Polski. An institution of the government of the Kingdom of Poland , it was entitled with issuance of the Polish currency as well as control over the credit rates. It was also entitled with a concession to operate foreign currencies and buy off credits issued by foreign companies and banks. In November , following the cancellation of Poland's wartime debt, the larger part of prewar gold reserves were returned to new communist authorities. In , the gold deposited in Romania in was returned, while the former Bank of Poland itself was closed down and finally in 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.

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