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Poland Intervenes In Currency Market
Poland has intervened in the currency market to strengthen its currency.
Poland has intervened in the currency market to strengthen its currency, The Wall StreetJournal reports. The Polish government is seeking to convert euros to zlotys in the open market.
The government will exchange about €14 billion that it expects to receive from the European Union this year and around €18 billion in 2012, adds Bloomberg. The move will ease pressure to increase interest rates, reduce volatility and absorb liquidity on the interbank market.
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