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Central Bank Strives to Prevent Tolar Appreciation, Says Bank Governor

Ljubljana, 24 September - About eight percent of GDP will flow into Slovenia this year, which is far higher than the usual inflow in Western Europe, Slovenian central bank governor Mitja Gaspari told a broadcast of Radio Slovenia on Tuesday. Without measures of Bank of Slovenia on the foreign currency market, Slovenia would probably see a 17 to 20 percent nominal appreciation of the Slovenian tolar, so that the price of euro would drop from the current 225 tolars to 190 tolars. That would cause imbalance in some parts of the economy or public finances, Gaspari told the national radio.

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