Poland and the euro

Eurozone participation
European Union member states
(special territories not shown)
  20 in the eurozone
  1 in ERM II, without an opt-out (Bulgaria)
  1 in ERM II, with an opt-out (Denmark)
  5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
Non–EU member states
  4 using the euro with a monetary agreement (Andorra, Monaco, San Marino, and Vatican City)
  2 using the euro unilaterally (Kosovo and Montenegro)

Poland does not use the euro as its currency. However, under the terms of their Treaty of Accession with the European Union, all new Member States "shall participate in the Economic and Monetary Union from the date of accession as a Member State with a derogation", which means that Poland is obliged to eventually replace its currency, the złoty, with the euro. On the other hand, as of 2024, adoption of euro is not supported by neither of the two biggest Polish parties.[1][2]

There is no target date for Polish euro adoption, and no fixed date for when the country will join ERM-II (the fifth euro convergence criterion).[3]

Euro adoption will require the approval of at least two-thirds of the Sejm to make a constitutional amendment changing the official currency from the złoty to the euro.[4] The Law and Justice (PiS) party, Poland's largest political party, opposes euro adoption.[5][6] Prime Minister Donald Tusk has said that he may agree to a referendum on euro participation in order to gain their support for a constitutional amendment. On the other hand, in 2024, Tusk’s finance minister Domański said that adopting the euro is currently not justified and that euro helped Poland avoid recession during the global financial crisis and to weather other shocks.[2]

  1. ^ "Is złoty doomed? Eurozone entry debate kicks off in Poland". Brussels Signal. 4 January 2024. Retrieved 19 January 2025.
  2. ^ a b "Poland is still not ready to adopt the euro, its finance minister says". The Independent. Archived from the original on 11 September 2024. Retrieved 19 January 2025.
  3. ^ "Polska w strefie euro znajdziemy się najwcześniej po 2020 roku". biznes.interia.pl.
  4. ^ Odpowiedź na interpelację w sprawie wprowadzenia unijnej waluty bez zmiany konstytucji
  5. ^ Cite error: The named reference prez was invoked but never defined (see the help page).
  6. ^ Puhl, Jan (6 February 2013). "Core or Periphery?: Poland's Battle Over Embracing the Euro". Der Spiegel. Retrieved 8 February 2013.

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