The money supply grows as does inflation.  Standard amount of cash in circulation

At the end of 2021, the M3 money supply (cash in circulation, deposits up to 2 years, repurchases and debt securities with a maturity of up to 2 years) amounted to 1,985 billion PLN and by 8.9 percent.This is 162 billion PLN – Followed by NBP data. These dynamics are comparable to those observed in the years before the pandemic, when supply was only growing between 9 and 10 percent. annually.

At the time, it was related to economic growth, and over the past two years we can only talk about breaking through the economic downturn of 2020.

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