Rock solid złoty gains more ground on the dollar to reach new year high

In the afternoon the USD/PLN exchange rate was over zł.2.99, which was only zł.0.03 above the minimum level recorded at the end of December last year. Investors were encouraged to buy złoty by the president of the N ational Bank of Poland (NBP) Leszek Balcerowicz, who stated that the M onetary Council's aim is a decrease in inflation and not steering the currency standing. Yesterday's strengthening of złoty was also due to the fact that on the international market the euro once again went beyond the level of $ 1.3. (Parkiet, p. 1) A.F.