Forex News

The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members.

After a World Bank statement today indicating that a $4.5 billion dollar loan was approved to the Polish government, the zloty rose more than 2 percent against the euro, as confidence rose among investors towards the future of the Polish economy. Adding to the current attractive profile for the Polish currency, a manufacturing index in Poland indicated the slightest decline in nine months, suggesting that the economy in Poland is recovering.

EUR/PLN traded at 4.3625 as of 6:28 GMT rising from a previous price of 4.4575.

If you want to comment on the Polish zloty’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Polish Zloty:

• Poland Needs to Adopt Euro More Urgently (2008-08-13)
• Polish Zloty Gains for Second Week (2008-02-03)
• Czech and Polish Central Banks Leave Rates Unchanged (2007-12-19)

This entry was posted on Wednesday, July 1st, 2009 at 7:42 pm and is filed under Polish Zloty. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.