12. November 2002 at 11:21

Crown strengthens further

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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.

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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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