THE SLOVAK crown appreciated to a new high of Sk39.670 against the euro on July 8, continuing a string of record increases that the Slovak central bank has described as "too steep", the state run news agency TASR wrote.
The central bank has therefore decided for direct intervention. "We do not see why this [appreciation] should continue," said Elena Kohútiková, vice-governor of the bank.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
9. Jul 2004 at 9:57