DEFINITION of 'PLN (Polish Zloty)'

The currency abbreviation or currency symbol for the Polish zloty (PLN), the currency of Poland. The Polish zloty is made up of 100 grosz and is often represented by a symbol that looks like the lowercase Latin letters "zl" with two horizontal ticks about halfway up the "l".

BREAKING DOWN 'PLN (Polish Zloty)'

The current Polish zloty is the fourth zloty since the middle ages. The most recent revaluation had the third (old) zloty replaced by the new zloty at a rate of 10,000 to 1. This revaluation was done in 1995 to adjust for the hyperinflation that took place during the first half of the decade.

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