24th February 2017

Radio Praha: Speculation over crown mounts but switch to euro still distant according to bank governor

Speculation is rising about the when and wherefore of the Czech crown’s exit from the low crown regime. But even amidst this uncertainty, according to central bank governor there is still no likelihood in the short term that the crown will be ditched for the single currency euro, Radio Praha writes.

The Czech crown is currently a popular currency. Speculators have been piling into the crown on the expectations that it will strengthen once the central bank’s ceiling on its appreciation against the euro is relinquished. That fact was recently admitted by Central Bank governor, Jiří Rusnok.  Read more.

Members of the American Chamber of Commerce in the Czech Republic