As the interviewees pointed out, BGK tries to limit the weakening of the zloty by selling euros. BGK declined to comment on the matter.
“Of course, BGK has been regularly visible since the beginning of the war. They switched to the conversion of EU funds on the market and from time to time they appeared in small quantities” – said the first interviewee to PAP Biznes.
“In the last few days they are evidently present regularly. Or every day – I don’t have such statistics, but you can see them. They clearly show that I am on guard. For a long time they have been trying to limit the rate to around 4.86 / EUR. But rather not so much, what they are trying to build a dam for traffic “- he added.
The other interlocutor stated that BGK sets a certain level of the rate and blocks it. It looks like a traffic brake, not an active removal of the route.
According to yet another interlocutor, BGK has been very active on the currency market in recent days, countering the weakening of the zloty.
Bank Gospodarstwa Krajowego is a Polish state development bank, which, among others, manages payments under programs financed with European funds. During the financial crisis of 2011, BGK regularly exchanged EU funds for zlotys from EU funds.
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