This demand, announced via the X platform (formerly Twitter), relates to Google's inaccurate display of exchange rates for the Polish złoty, which appeared to be significantly inflated.
On Monday, users of Google's service were startled to find data suggesting that the euro was valued at an alarming PLN 5.20, the US dollar at nearly PLN 4.70, and the Swiss franc at PLN 5.30. This misinformation, far from the actual rates, led to a wave of confusion and concern among users and financial observers.
Finance Minister Andrzej Domanski was quick to label these figures as 'fake' and attributed them to a data source error. He contrasted Google's faulty data with Bloomberg's quotations, which listed the euro at PLN 4.34 at the same time, highlighting the stark discrepancy.
In response, the Ministry of Digitization took to the X platform on Tuesday, demanding an explanation from Google Poland. The Finance Ministry also had previously reached out to Google Poland, seeking details about the cause of the error and the steps the tech giant intends to take to prevent such mishaps in the future.
Reiterating the importance of reliable financial data, a spokesperson for the National Bank of Poland (NBP) emphasized on Tuesday that the bank's website is the go-to source for verified and accurate exchange rates, and cautioned against relying on Google's charts, noting their occasional inaccuracy and the company's disclaimer regarding the verification of publicly pulled data.
As the markets opened on Tuesday, the actual trading prices stood in stark contrast to Google's earlier figures, with the euro at PLN 4.34, the Swiss franc at PLN 4.66, and the US dollar at PLN 3.94.
(jh)
Source: PAP