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Hungary: Next Currency Crisis Ahead
Politics ♦
Published: February 1, 2014; 15:40 ♦ (Vindobona)
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The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.
Hungary: Next Currency Crisis Ahead / Picture: © Vindobona.org
Not only the Hungarian state, but also Hungarian borrowers may face new difficulties.
Two years ago, the rate peaked at 316 EUR/HUF. At this time, Hungary was close to a national bankruptcy. In the past months, the exchange rate has been fluctuating between almost 290 EUR/HUF and just under 305 EUR/HUF. The exchange rate exceeded 300 EUR/HUF in mid-January and reached 311 EUR/HUF…
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