Croatian Central Bank May Intervene To Support Kuna
The Croatian Central Bank may step in to help the decreasing value of the country’s currency, the kuna, reports Bloomberg. Croatia, planning to join the EU on July 21, 2013, is working hard to penetrate markets for financial growth and stay away from letting budget deficits get out of control. The Croatian government recently sold 1.5 billion dollars worth of ten-year bonds in international markets and will slowly convert the money. They expect the kuna to slip between 7.60 and 7.65 per euro in the coming months.
