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NBS strikes again

The National Bank of Slovakia (NBS) again intervened on the currency market yesterday, spending an estimated 100 million euro to bring the Slovak crown back up to 44.5SKK/EUR, a level it has said is satisfactory.

After 18 months of inactivity, the NBS has intervened three times in the last fortnight to defend the crown against a strong weakening trend in the run-up to national elections in September.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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