The government contributed 25 percent of the funding for six trafficking-related projects awarded by the EU, worth a total of 137 million
forint ($530,080).
Forint Depreciation To Hit PC And AV Sales Hardest In 2015
Banks must pay the 7 percent charge in
forints by December 20 this year.
Hopes of IMF aid boosted the
forint last week by 2 percent while bond yields fell around 40 basis points.
For the moment, it appears that the Bank's aggressive action has been effective in shoring-up the
forint's exchange rate.
Fluctuations in the value of the
forint have proven to be a headache for importers and consumers alike.
Hungary's central bank has said that
forint liquidity is growing among banks in the nation.
It posted a net loss of 68.6 billion
forints ($254.6 million) for the fourth quarter compared with a net profit of 5.2 billion
forints in the same period of 2013 and a net profit of 28.5 billion
forints in the third quarter of 2014.
Australian Dollar 1.77 Bulgarian Lev 2.20 Canadian Dollar 1.67 Croatian Kuna 8.56 Czech Koruna 30.77 Egyptian Pound 10.21 Euro 1.16 Hungarian
Forint 332.88 NZ Dollar 1.92 Polish Zloty 4.68 S African Rand 16.22 Swiss Franc 1.41 Thai Baht 49.90 Turkish Lira 3.18 UAE Dirham 5.71 US Dollar 1.58
The
forint rebounded from morning falls of about 1.6 percent to trade at 314.10 by 1259 GMT.
The
forint traded around 231 against the franc on Friday, having weakened significantly from rates of 150-160 seen when most of the loans were extended.
Second is Poland, where the pound stretches 19% further than last year on its zloty, and third Hungary whose
forint gives us 4.5% extra.
