MNB broadens its official exchange rate sheet

15 April 2005

PRESS RELEASE

MNB broadens its official exchange rate sheet

The Magyar Nemzeti Bank has revised the list of currencies on its daily official exchange rate sheet and has broadened the list to include the following currencies with effect from 2 May 2005: Croatian kuna (HRK), Icelandic króna (ISK), Korean won (KRW), Mexican peso (MXN), Romanian leu (ROL), Slovenian tolar (SIT), New Zealand dollar (NZD), and Turkish lira (TRY).

The role played by these currencies in payment turnover, the degree of convertibility as well as financial market development and increased customer demand have explained the Bank’s decision.

MAGYAR NEMZETI BANK

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.