Czech Republic: CNB Aquires Foreign Currencies

Czech Republic: CNB Aquires Foreign Currencies / Picture: © Czech National Bank

As announced by the Czech National Bank’s (CNB) spokesman Marek Petrus, CNB has purchased foreign currencies in the amount of Czech crown (CZK) 200bn by November 20. The purchase was made during the interventions of the National Bank to weaken the Czech currency. On the word of CNB’s Governor Miroslav Singer, the central bank's active presence on the market is no longer always…