Bloomberg News

Zloty Pares Advance as Poland Curbs Currency Sales on Market

February 15, 2012

Feb. 15 (Bloomberg) -- The zloty pared its advance against the euro after Polish Finance Minister Jacek Rostowski said the government will limit sales of foreign currencies from European Union funds on the market in the second and third quarter.

The zloty traded 0.1 percent stronger at 4.1793 per euro as of 12:08 p.m. in Warsaw. It traded as strong as 4.1642 before Rostowski made his comment to reports in parliament.

--Editors: Linda Shen, Wojciech Moskwa

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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