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Hungary Abandons Radical Resolution On Foreign Exchange Loans

Published: July 25, 2013; 17:47 · (Vindobona)

Foreign currency denominated mortgages for home purchases shall be phased out.

The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and…

This article includes a total of 213 words.

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