The Importance of the Exchange Rate in Public Procurement on the Example of the Polish market in the context of Unfinished Monetary Integration with the Euro Area

Abstract:

The purpose of this article is to attempt to determine the importance of the euro exchange rate as a determinant of the value of goods and services in the Polish Public Procurement Law (PPL) due to the fact that it is used by the legislation of all European Union Member States. The analysis also includes an attempt to answer the research question to what extent the "exchange rate tools" of the public procurement law are used in the process of monetary integration with the euro area. PPL is one of the areas of particular importance in the economic policy of this organization, as it also applies to the functioning of the common market, including economic ties between the public and private sectors. The second research question refers to whether the lowest threshold in the procurement law is needed, which was justified by the change of the currency of the lowest "threshold" from the euro to the Polish zloty (PPL Act of September 11, 2019, in force from January 1, 2021 ((Dz. U. z 2019, poz. 2019 (polish Journal of Laws of 2019). In the context of the pursuit of fulfilling the commitments for a complete abandonment of the national currency, this becomes a warning signal resulting from the weakness of some groups of enterprises.