Franc borrowers protested in Warsaw

As many as 5,000 people gathered in Warsaw to demand the possibility to convert franc-denominated mortgage loans to złoty-denominated mortgage loans. "We do not demand any subsidies from the state. We want banks to give back the money that they have taken illegally. We want banks to convert our franc-denominated loans, which, in reality, were given in złoty, to złoty-denominated loans," one of the protesters told the TVN24 broadcaster. Similar protests have been organized across the country in the last few weeks, after the central bank of Switzerland announced it will no longer maintain the franc’s exchange rate against the euro above 1.20, causing an upheaval on global currency markets.