“Let’s keep cool. The zloty exchange rate that caused panic is wrong,” the finance minister responded
Its Ministry of Finance Poland today demanded an explanation from Google because its services published incorrect exchange rates of the Polish currency, the zloty, online.
Yesterday, Monday evening, Google showed the euro at 5.20 zlotys, the dollar at around 4.70 zlotys and the Swiss franc at 5.30 zlotys – rates 23% higher than Polish currency in the market.
“Let’s keep cool. The zloty exchange rate that caused panic is wrong,” Finance Minister Andrei Domansky reacted in a post on the X platform. “The Asian markets will open soon and the situation will return to normal,” he added.
Today the exchange rate of the zloty in Google followed the data of other financial services as well: the euro stood at 4.35 zlotys, the dollar at 3.97 zlotys and the Swiss franc at 4.68 zlotys.
The ministry said it has formally requested an explanation from Google Poland “about the causes of this erroneous publication regarding the zloty exchange rate and the measures (the company) will take to avoid similar situations in the future.”
The representative of the Polish central bank NBP said that the data presented by the Google platform “is not always accurate”. According to experts, cited by Polish media, the error may be due to the algorithm used by Google and its incorrect analysis of the market data, which was not updated on December 31 and January 1, reported APE BPE .
This afternoon, in a comment to the private news channel TVN 24, Google said that the exchange rates it publishes are “based on data from external sources” and “if inaccuracies are noticed, we contact the data providers to correct the errors as soon as possible.” this becomes possible”.
