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Polish Zloty Drops amid Political Turmoil

July 21, 2017 at 15:14 by Vladimir Vyun

Many 200-zloty notesThe Polish zloty dropped today amid political turmoil in Poland that led to confrontation with the European Union.

Protesters massed across Poland to oppose the bill that would allow politicians to appoint supreme court judges. The EU also voiced concern over the legislation, considering it to be a move towards authoritarian rule. There were even talks about sanctions against the country, though it is unlikely to happen as some EU members, especially Hungary, will most certainly oppose such an action.

USD/PLN gained 0.9% to 3.6542 as of 15:12 GMT today.

If you have any questions, comments, or opinions regarding the Polish Zloty, feel free to post them using the commentary form below.

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