We know the winners of the tenth Central Banking’s Currency Manager Award. Among the winners are the National Bank of Poland and its Ukrainian counterpart.
“Narodowy Bank Polski announced the receipt of an award confirming the effectiveness of Narodowy Bank Polski’s care for the value of the Polish currency and capital management - Central Bank Currency Manager Award. The award was given for money management in the face of Russian aggression in Ukraine. The NBP and the NBU were appreciated for their decisive and quick reaction“ - we read in the message of the National Bank of Poland.
- On behalf of the National Bank of Poland, which I have the honor to lead, I would like to express my joy at the fact that two closely cooperating central banks, the National Bank of Poland, have become the winners of the latest Central Bank Currency Manager Award. Poland and the National Bank of Ukraine. This is an award confirming the effectiveness of the care for the value of the Polish currency and the management of funds by the National Bank of Poland - NBP President Adam Glapinski said.
Cooperation between the central banks of Poland and Ukraine
The award jury noted the tightening of cooperation between the national banks of Poland and Ukraine, which could be observed in the first days after the start of the war in Ukraine.
- In response to the crisis caused by Russian aggression, the National Bank of Poland implemented a number of relief activities aimed at supporting the citizens of Ukraine, helping the central bank of Ukraine to maintain the continuity of the functioning of the financial system, such as: USD/hryvnia swap up to $1 billion, assistance in kind , including the issue of supporting Ukraine on the agenda of international institutions, and, finally, the hryvnia-zloty exchange program, addressed to citizens of Ukraine fleeing the war Adam Glapinski said.
- Thanks to the latest initiative, between March 25 and September 9, 2022, more than 100,000 people. refugees from Ukraine exchanged hryvnias for zlotys, receiving funds for living and survival in these most difficult moments for their country. This unprecedented relief operation has become a role model for other European countries. added the president of the National Bank of Poland.
Central Bank awards, or what?
The Central Banking Awards recognize the excellence of a community that has faced significant political and operational challenges in the face of rising inflationary pressures, rapid technological change and environmental change. Many institutions have also made significant improvements in governance, operations, communications, the economy, currency, reserves, and market infrastructure capabilities. In 2023, the Central Banking Awards were presented for the tenth time.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
