CONSTITUTIONAL GUARANTEES FOR PROTECTING THE VALUE OF POLISH MONEY

Abstract

This article outlines the issues related to constitutional guarantees for protecting the value of Polish money in the context of the responsibility for it as specified in Article 227, Paragraph 1(3) of the Constitution of the Republic of Poland. According to this provision, the National Bank of Poland, as the central bank of the state, which has the exclusive right to issue money and to determine and implement monetary policy, is responsible for the value of Polish money. The purpose of the study is to define the subject of the NBP’s responsibility, determine the legal standard for the application of instruments for the central bank’s fulfilment of its constitutional obligation and seek to answer the question of whether failure to achieve the result which has been set by the legislator involves legal consequences for the unlawful act or the omission of a public authority or the individuals serving as central bank bodies.