Forint weakens again because of Visegrád Four bad news
The forint is among the most volatile national currencies of the world. Therefore, even some minor bad news coming from Brussels or other international organisations can toss it down a slope. That is what happened yesterday, and the effects are still palpable today.
According to napi.hu, the currency exchange rate of the forint started to plunge yesterday. Euro price jumped to 414, and we had to pay more than HUF 400 for the dollar. That is because the Czechs and the Poles announced they would boycott the next scheduled V4 (Visegrád Four) meeting. Furthermore, because of the Ukraine aid, it might happen that the EU will probably not be able to decide about the EUR billions Hungary is entitled to but rejected to get due to corruption allegations on 22 November.
On Friday morning, the euro is still above the 410 threshold, while the dollar is almost 400 again.
Read alsoForint weakens again because of Visegrád Four bad news
House Speaker expresses regret over cancellation of V4 speakers’ meeting in Bratislava
Speaker of Parliament László Kövér on Thursday expressed regret over the cancellation of the Visegrád Group meeting of speakers in Bratislava next week, the parliament’s press office said. “In the past 30 years, regional cooperation by the four countries have helped bridge ideological differences, and we successfully represented our common interests together,” he said.
“Remarks by the Czech parliamentary speaker are untrue and disrespectful; they contravene the facts and question the Hungarian government’s right to pursue policies along the lines of Hungarian national interests,” the statement added. Kövér’s Czech counterpart said yesterday that Hungary was a Trojan horse of Russia in the European Union.
Read alsoForint weakens again because of Visegrád Four bad news
Source: MTI, napi.hu