Hungarian C.Bank Chief Simor Manipulated Forint – Boros

  • 29 Apr 2010 5:00 AM
Hungarian C.Bank Chief Simor Manipulated Forint – Boros
"Former minister in the first Orbán government Imre Boros accuses National Bank (MNB) governor András Simor of illegally influencing the exchange rate in today’s Magyar Hírlap. “Weakening the forint only requires €20-30 million,” Boros told the daily.

“We could get a clearer picture of the transactions that the András Simor-led MNB has made in the last two days, although that would violate the MNB’s so-called independ-ence. Neither Parliament nor the State Audit Office can get a picture of the MNB’s manoeuvrings, even post facto,” Boros said.

“Certain business circles” do not like the fact that Fidesz’s Viktor Orbán and Zoltán Pokorni have questioned Simor’s competence to be MNB governor, the daily adds.”

Source: Hungary Around the Clock.

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