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Weekly Review of Economic Developments from 7 to 12 October

Ljubljana, 12 October - ECONOMY/REVIEW/WEEKLY
On 8 October Slovenia celebrated the fifth anniversary of its monetary independence and introduction of the national currency tolar. Governor of the Bank of Slovenia France Arhar said on this occasion in an interview for the STA, that in five years since it had introduced the Slovene currency tolar and begun to operate as the independent central bank, the Bank of Slovenia led a monetary policy aimed mainly at cutting inflation. The Bank of Slovenia (BS) has been leading the policy of stable tolar and low inflation, considering the floating exchange rate. A special care has also been devoted to long-term foreign currency liquidity. As an important landmark in the five-year period Arhar quoted last year's declaration of external convertibility of tolar according to the principles of the International Monetary Fund.

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