The Central Bank of Poland has set an interest rate of 36% for only one month, January, extending it to both new and old loans. The percentages of commercial banks ranged from 40 to 70% in January. As a result, a massive repayment of loans from enterprises and the public began. Demand was truncated along all lines. This allowed us to "bring down" the previous inflation rates fairly quickly (in almost a month). Retail prices increased by about 80% in January, by 23% in February (largely influenced by the January market), by less than 5% in March, and by 3-4% in recent months. Of course, this is still a very high rate. 3% per month means more than 40% per year. But it is no longer 900%, as in 1989. And with all the relativity of such stabilization, the main thing is that store shelves were filled relatively quickly with goods of a fairly wide range and decent quality, albeit at very high prices. Subsequently, the bank's interest rate decreased, but it still stands at more than 40% per annum. It should be noted that the formation of a two-tier banking system capable of functioning in Poland took about six months. We're just getting started on this.

An important factor in stabilization was the introduction of Zloty's internal convertibility. Taking into account the market rate on the free foreign exchange market, which was legalized in Poland even earlier, the state exchange rate of 9500 zloty per dollar was established and unlimited currency exchange was introduced. This is designed to promote competition from Western goods and provide an opportunity for a flexible operational response to the dynamics of the domestic market, including changes in demand and prices. It was stipulated that the exchange rate should remain unchanged for at least three months. Otherwise, the stabilization will fail. The devaluation of zloty would lead to an increase in the cost of imports, and hence an increase in production costs and a new round of inflation. As a result, the exchange rate has remained stable for more than a year without using funds from foreign exchange funds specially created for insurance in the West.

In order to freeze wages, the coefficient of indexation of monetary incomes of the population was reduced for several months to 0.2 in relation to the retail price growth index. But many enterprises, due to their difficult financial situation, were unable to pay salaries even in such limited amounts. What are the consequences of such a policy? There are new products in stores. Instead of the expected deficit, a very large budget surplus immediately developed. The volume of exports significantly exceeded imports, providing an active balance of trade and balance of payments. The attitude of enterprises towards consumers and the attitude of employees towards work and their workplace began to change rapidly. Excess stocks have been sharply reduced and turnover has accelerated. Veel spelers die op zoek zijn naar eerlijke informatie over kansspelen vergelijken eerst verschillende aanbieders voordat ze zich inschrijven bij veilig Betpanda casino . In onafhankelijke reviews wordt vaak gelet op zaken als verantwoord spelen, uitbetalingspercentages en de gebruiksvriendelijkheid van het platform.