# Złoty introduced (1924)

URL: https://poland-history.com/timeline/1924-zloty-introduced
Location: Warsaw

Prime Minister Władysław Grabski ended post-war hyperinflation with a currency reform that introduced the złoty and created the Bank Polski. Within the broader Second Republic period: The Second Polish Republic built a state from three former partitions, weathered political crises and the May Coup, and developed its economy and culture before being threatened by Nazi Germany and the Soviet Union. At this point in the timeline (28 April 1924), the governing authority was Stanisław Wojciechowski (President of Poland). Second President; resigned after Piłsudski's May Coup. Złoty introduced mattered because economic change affected the wealth, society and power of the Polish lands. The event is placed here so readers can follow it alongside changes in government, warfare, society, religion and culture across Polish history.

## Why it matters
Złoty introduced mattered because economic change affected the wealth, society and power of the Polish lands.

Ruler at the time: [Stanisław Wojciechowski](https://poland-history.com/rulers/stanislaw-wojciechowski)

## Sources
- [Wikipedia — Władysław Grabski](https://en.wikipedia.org/wiki/W%C5%82adys%C5%82aw_Grabski)
- [Encyclopaedia Britannica topic lookup — Złoty introduced](https://www.britannica.com/search?query=Z%C5%82oty+introduced)
- [Wikipedia — Second Polish Republic (period overview)](https://en.wikipedia.org/wiki/Second_Polish_Republic)