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Poland: Sale of Foreign Currencies to Stabilize Zloty

Published: June 10, 2013; 16:01 · (Vindobona)

After lowest rate in one year, the Polish government had to take actions.

On Friday, the National Bank of Poland (NBP) has confirmed to have sold a “certain amount” of foreign currencies on the foreign exchange market to support the Zloty. After the Polish currency fell to its lowest level since June 2012, the government decided on this strategy on its session on Thursday last week.

The intention was to stabilize the Zloty through the selling of…

This article includes a total of 239 words.

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