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Finance / Slovenia

Tolar To Remain Stable

March 2005 | Currency Forecast

As we anticipated the Bank of Slovenia (BOS) has had no difficulty achieving exchange rate stability since joining ERM-2 last year. The tolar seems set to continue trading at or fractionally above or below its SIT239.64/EUR central parity in the coming months. Accordingly, the SIT/US$ exchange rate will be determined by the euro's performance against the greenback.

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