Zloty Gain to 4 Per Euro at End-2012 ‘Realistic,’ Says Radziwill

The Polish zloty’s appreciation to 4 per euro at the end of next year is “very realistic,” Deputy Finance Minister Dominik Radziwill said in parliament in Warsaw today.

The Finance Ministry has entered into foreign currency swap transactions this year for a “much smaller” sum than the 4.3 billion euro amount from 2010, he said. The swaps will not impact public debt calculations, according to Radziwill.

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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