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PiS may cut Conversion Fund from bill on Swiss francs

22:21

PiS may cut Conversion Fund from bill on Swiss francs

Tadeusz Cymański from the Polish ruling party PiS proposed to delete the so-called Conversion Fund from the bill aimed to help the Swiss francs borrowers. 

The draft assumes, among others, making the aid more flexible with Supporting Fund for troubled borrowers and creating Conversion Fund, which would be composed of banks, and which would finance the currency conversion of loans.

The banks, however, were critical about the Conversion Fund proposal. On Wednesday, the rapporteur of the bill Cymański told about three amendments that would delete the fund from the bill.

(Business Insider)

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