Foreign-investor confidence pushes złoty's value from strength to strength

The złoty also strengthened as a result of the information on the valuation of Polish bonds amounting to USD1-1.5 billion. The Finance Ministry confirmed yesterday that it might exchange some of the funds from the issue in the US for złoty. "However, it is unknown how much it would exchange and when," said Mariusz Szczurek, a chief economist with ING. (Puls Biznesu, p. 3; Rzeczpospolita, p. B7) E.B.