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]
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