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Slovenia's Central Bank to Cease Intervention in Foreign Exchange Market

Ljubljana, 18 September - BANKING
The Bank of Slovenia will soon complete a two-month period of intervening in the foreign exchange market by setting a base exchange rate and a maximum ratio between the purchase and the selling rates. 21 banks which signed a co-operation contract with the central bank in March will therefore be able to set their purchase and selling exchange rates independently as of 19 September, the Bank of Slovenia reported on Monday.

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