Polish Z oty
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High Quality Content by WIKIPEDIA articles! The z oty (gulden) is a traditional Polish currency unit dating back to the Middle Ages. Initially, in the 14th and 15th centuries, the name was used for all kinds of foreign gold coins used in Poland, most notably German and Ruthenian ducats. In 1496 the Sejm approved the creation of a national currency, the z oty, and its value was set at 30 groszy, a coin minted since 1347 and modelled on the Prague groschen. The grosz was subdivided into 2 poltura or 3 solidi. The name z oty (sometimes referred to as the florin) was used for a number of different...
High Quality Content by WIKIPEDIA articles! The z oty (gulden) is a traditional Polish currency unit dating back to the Middle Ages. Initially, in the 14th and 15th centuries, the name was used for all kinds of foreign gold coins used in Poland, most notably German and Ruthenian ducats. In 1496 the Sejm approved the creation of a national currency, the z oty, and its value was set at 30 groszy, a coin minted since 1347 and modelled on the Prague groschen. The grosz was subdivided into 2 poltura or 3 solidi. The name z oty (sometimes referred to as the florin) was used for a number of different coins, including the 30 groszy coin called the polski z oty, the czerwony z oty (Red gulden) and the z oty re ski (the Rhine ducat), which were in circulation at the time. However, the value of the Polish z oty dropped over time relative to these foreign coins and it became a silver coin, with the foreign ducats eventually circulating at approximately 5 z otych.
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