The złoty (pronounced [ˈzwɔtɨ] ( listen);[2] sign: zł; code: PLN), which literally means "golden", is the currency of Poland. The modern złoty is subdivided into 100 groszy (singular: grosz; alternative plural form: grosze). The recognized English form of the word is zloty, plural zloty or zlotys. The currency sign, zł, is composed of the Polish lower-case letters z and ł (Unicode: U+007A z LATIN SMALL LETTER z & U+0142 ł LATIN SMALL LETTER L WITH STROKE). As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on January 1, 1995, 10,000 old złotych (PLZ) became one new złoty (PLN). Since then, the currency has been relatively stable, with an exchange rate fluctuating between 3 and 4 złoty for a United States dollar.
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