'WHOEVER HAD THE MONEY - LOST IT', PARTICIPATION OF OLSZTYN BRANCH OF THE BANK ROLNY IN THE MONETARY REFORM OF 1950

摘要

The paper looks back and forward. The majority of its considerations based on the reports by the Provincial Branch of Bank Rolny focus on the first after World War II immense operation of money exchange nationwide, and in particular on that operationin the social and professional community of Warmia and Mazury rural areas. More affluent social groups, including "kulaks", medium size farmers, craftsmen and entrepreneurs from non-socialized sector were the main looser in that operation, sometimes referred to as the monetary reform because the exchange was accompanied by a specific revaluation of the currency. The exchange also resulted, among others, in a short time decrease of inflation, decrease in supply of money and maintaining a fixed exchange rate of the currency. The exchange, at the same time, further increased the post-war lack of trust in the national currency. Its later status and functions were determined by State regulations. The period of systemic transformation introduced, to a largeextent, market regulations but their evolution leads inevitably towards the new radical exchange of money - this time of the zloty for the Euro.