No risk for Polish zloty to remain weak in long-term, says prime minister -Breaking
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© Reuters. FILE PHOTO – A photo illustration of a Polish zloty Banknote taken in Warsaw on January 13, 2011. REUTERS/Kacper Pempel/File PhotoWARSAW (Reuters – The Polish prime minister stated that there is no danger that the zloty of Poland will lose its strength over the long term. Also, the government is working to strengthen the economy after it was devastated by the Russian invasion.
Since Russia invaded Ukraine in February, the Polish currency was under severe pressure. The central bank sold foreign currencies to make zlotys. On Friday, the central bank made its last intervention after the zloty dropped to its lowest level in 2009
“We are able to defend the zloty,” said Prime Minister Mateusz Morawiecki, speaking on private television station Polsat News.
He said that government was working to reduce economic damage caused by the conflict in Ukraine.
He said that it was time to create an anti-Putin defense and that he would be working towards such a shield within the next few months.
It will cover all aspects of economic life affected by war such as currency and interest rates, economic growth, economic growth, economic inflation, and currency. He said, “We are in the process of preparing an anti-Putin defense,” but did not give further information.
Morawiecki also called for more sanctions against Moscow in a podcast that was published Friday.
He said, “With every passing day that Putin wage this war on us, the sanctions should grow.”
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