The beginning and rules and regulations of The Polish Central Bank have been described in this article. The circumstances of the beginning and functioning of the Polish Bank – the first central bank in our country, have been introduced. The other part of this article describes problems connected with functioning of the central in free market economy. Another problem shown in this article refers to kinds of independencies of the central bank. It should be considered in the aspect of functional, institutional and political independency. Problems connected with models of the central bank is also presented in the end of this article.
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