Current Affairs After strong 2008 shine fades from Czech crown
The Czech currency is losing its muster. The crown, one of the world’s fastest appreciating currencies in 2008, is now rapidly weakening. It has sunk to its lowest point since November 2007, trading on Thursday at over 27 crowns to the euro and just over 20 crowns to the dollar. Chief financial markets analyst of ČSOB bank Jan Čermák explains what is happening to the Czech crown.
Czech National Bank
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