Cabinet approves revision to Act on NBS

At its session on Dec 20 2000 the Slovak cabinet approved the revision to the Act of National Bank of Slovakia (NBS). Based on the revision, price stability should become the main objective of the NBS, instead of currency stability, which has been the case so far.

Considering practical life of the small and wide-open Slovak economy, the NBS has to deal with currency stability also, Marian Jusko, governor of NBS said. The revision to the NBS Act specifies the rights and duties of the central bank

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