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ECONOMIC BRIEFS

Downward trend of Forex reserves at commercial banks stabilizes

In mid-March, the hard currency holdings of commercial banks finally stabilised after several weeks of decline, increasing by $163 million in one week to hit $1.6726 billion on March 17.

Commercial banks' Forex reserves had been falling for weeks after a decision by the NBS Bank Board to abolish the foreign exchange position limit for domestic banks and branches of foreign banks. In order to meet the required ratio between assets and Forex reserves, banks had been artificially inflating their total assets and liabilities. By canceling the measure, the NBS had been trying to return banks' Forex reserves to their natural levels.

Top stories

Danko’s office opens MPs’ letters

OĽaNO wants Danko to step down as parliament’s speaker after what they call an unprecedented measure.

Igor Matovič (l) and Ján Budaj (r)

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.

Blog: We can always count on the nerds…

Brands need to focus on doing good and that this approach is the only option if they want to stay relevant, credible and even profitable, says Thomas Kolster.

Thomas Kolster speaking

Drivers in Bratislava should prepare for worse traffic

Dissatisfied taxi drivers will go on a protest ride from Petržalka to Lamač on Wednesday.

Taxi drivers protested against Uber already in 2015.