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Zloty in danger
Dizzy rates of Dollar, Euro and Franc - according to the economists- result from panic which terrored the investors on the foreign exchange market. At the moment Zloty is the most plummeting currency in the world, and the bulls are responsible for it.” said the analysts.
The minister Waldemar Pawlak said that there is no need to intervene to protect Zloty. In his opinion such intervention would enhance the speculators.
The economists agree that the speculators called in for our currency. The thesis might be confirmed with internal stability of high-risk countries, such as: Turkey, Mexico or Brazil. For instance Turkish Lira depreciated only 8% in value and Mexican Peso only 4% since the beginning of the year. Brazilian Real has not changed! Whereas Polish Zloty dropped by 12,8% towards Euro, 18,5% towards dollar and 14,5% towards Franc.
