Trading In Czech Koruna Increases In Wake Of Legal And Rating Changes
BANKS
Legal changes in the Czech Republic on October 1 plus an upgrade in the country's credit rating to single A by Standard & Poor's November 1 have contributed to an increase in volume and liquidity in the Czech koruna, according to bank executives dealing in the currency.
Executives at a number of international banks say they are expanding koruna trading following the move to full convertibility on October 1, including Creditanstalt-Bankverein, Bayerische Bankverein and HSBC/Midland. Deutsche Bank
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