Crown plummets on political news

THE SLOVAK crown dropped by Sk0.20 to the euro yesterday on news that the Christian Democratic Movement (KDH) was leaving the government.

The crown's exchange rate towards the euro, its reference currency, reached 37.50 SKK/EUR after the news hit the wires, and continued to fall, the SME daily wrote.

According to forex dealers, however, the political upheaval will not have a long-term impact on the strength of the currency.

Compiled by Martina Jurinová from press reports. The Slovak Spectator cannot vouch for the accuracy of its flash postings.

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