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Central Bank intervenes against strong Slovak crown

The National Bank of Slovakia intervened on the Slovak FOREX market once again on March 20 to halt the strengthening of the Slovak crown through foreign banks. UniBanka dealer Patrik Malec told SITA that interventions started roughly at the level of 32.80 SKK/EUR, which was close to the opening exchange rate.

Subsequently, the Slovak currency weakened to 33.10 SKK/EUR.

Malec said that next development of the Slovak crown against the euro would depend on the fact where the central bank would want to push the crown. He expects the Slovak crown to continue weakening towards 33.30 SKK/EUR.

Compiled by Zuzana Vilikovská from press reports
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