Polish Zloty Hits 6-Month High Against Euro

The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members.

After a World Bank statement today indicating that a $4.5 billion dollar loan was approved to the Polish government, the zloty rose more than 2 percent against the euro, as confidence rose among investors towards the future of the Polish economy. Adding to the current attractive profile for the Polish currency, a manufacturing index in Poland indicated the slightest decline in nine months, suggesting that the economy in Poland is recovering.

EUR/PLN traded at 4.3625 as of 6:28 GMT rising from a previous price of 4.4575.

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