EU sets euro exchange rate for Slovakia

The European Commission on Tuesday finalised Slovakia's bid to join Europe's single currency, fixing the koruna's conversion rate at 30.1260 to the euro.

This conversion rate corresponds to the central rate of the koruna within the ERM II.

"This is a major success for Slovakia, the result of determined policies to promote convergence in recent years," Joaquin Almunia, the European Commissioner for Economic and Monetary Affairs, said. "Still, this is not the end of the road. Slovakia needs to r

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