Crown hits another record

IN AN ONGOING reaction to the recent decision of the central bank to increase key interest rates, the Slovak crown yesterday posted another record against the euro, its reference currency.

For the first time in history the local currency broke the 37.000 SKK/EUR level and traded at 36.940 SKK/EUR in the afternoon of March 1, the Hospodárske noviny daily reported.

Analysts believe the Slovak currency will continue to gain in the coming months. The crown is increasingly attractive for investors because of the growing difference between the crown and euro interest rates.

Compiled by Martina Jurinová from press reports
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