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Stronger zloty a boon for importers

Posted by eurotopics on Feb 2nd, 2010 and filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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On Monday, the Polish złoty gained over the euro again, becoming the strongest currency in Central Eastern Europe. The conservative daily paper Rzeczpospolita analyses the effects on the Polish economy:

“Today, clearly, importers are rubbing their hands, as are those who pay off their debts in foreign currency. But exporters are looking less optimistically at the future.

Still, they have shown that they are more than capable of weathering a period in which the Polish currency shows strong gains in value. It is surely just a matter of time before the banks offer tools designed to help avoid losses brought on by the strength of the złoty.”

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