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Business & Finance

Poland to reduce EU fund exchanges on spot market: Belka

Published February 14, 2012 Updated February 14, 2012 06:27pm
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By Shoaib Ur Rehman
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polnadWARSAW: Poland's finance ministry aims to reduce the amount of European Union funds it exchanges on the spot market in the second and the third quarters of 2012 and will do more through the central bank, the bank's governor, Marek Belka, said on Tuesday.

"The finance ministry declares that in the second and the third quarter it will not sell EU funds on the market, but will exchange them to a larger extend in the central bank," Belka told a parliamentary finance commission.

Copyright Reuters, 2012

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