NBS intervenes to halt crown appreciation

Following the ECB's announcement that the central parity of the Slovak crown has moved from Sk38.455 per euro to Sk35.4424 per euro, the National Bank of Slovakia intervened Tuesday 20 March on the Slovak FOREX market.

The Slovak crown will now be allowed to fluctuate +/-15 percent from the central parity in the ERM II European exchange rate mechanism, which is a waiting room for the euro.

The intervention was to halt the strengthening of the Slovak crown through foreign banks.

UniBanka dealer P

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