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Crown strengthens further

The Slovak crown continues to strengthen, touching a new record 41.09 against its euro reference currency on Monday, and holding at around 41.5 to the dollar, a strength last seen in October 1999.

A wave of crown purchases by mainly foreign banks was started by the new government’s announced reform plans, which were received as a promise of renewed Slovak economic health by international markets.

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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