The President of Poland's central bank, Adam Glapiński, stated at a press conference on Friday that discussions about adopting the euro in Poland could commence no earlier than eight to ten
years from now. Glapiński highlighted that the initiation of the debate would align with Poland's development reaching a level comparable to Western countries.
According to Poland’s TVP World, the country is formally committed to adopting the euro as per its accession treaty with the EU. However, no specific timeline has been established for the replacement of the Polish złoty with the common European currency.
Having been re-elected for a second six-year term of office in May 2022, Glapiński has consistently expressed opposition to the euro. On multiple occasions, he has made it clear that he will not support Poland's entry into the eurozone during his current tenure, as reported by thefirstnews.com. Glapiński has even cautioned that adopting the euro in Poland could have detrimental effects, leading to a "radical drop" in the rate of GDP growth. Photo by Piotr Malecki, Narodowy Bank Polski (National Bank of Poland), Wikimedia commons.