Bank Reports Surge in Demand for Czech Currency

Published: 18 December 2003 y., Thursday
NatWest said requests for the Czech koruna had increased by more than any other currency during 2003, excluding the euro and dollar. Overall requests to buy koruna rose by 27% during the year, followed by requests for the Barbados dollar, which rose by 14%, and demand for the United Arab Emirates dirham, which were up by 10%. The bank also reported a rise in demand for the Maltese lira and Swedish krona, which rose by 8% and 5% respectively. Robin Cockburn, head of NatWest Travel Services, said: “Traditional Western European destinations are still very popular with holidaymakers and this year Spain has moved ahead of France for the first time. “But there is growing interest in destinations further afield, ranging from the Czech Republic to Barbados and the United Arab Emirates, and this in a year when the international scene has shown a significant reduction in global holiday travel.” The group also looked at which currencies were best value as a result of declining against sterling since the beginning of the year. It found that the biggest change had been to the Jamaican dollar, which had fallen by 26%, followed by the Mexican peso at 13% and the Polish zloty which is down 9% against sterling.
Šaltinis: news.scotsman.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

First woman wins Nobel Economics

Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics. more »

435 construction workers in the Netherlands to receive help from EU Globalisation Fund

The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs. more »

Lithuanian biotech products conquer China

Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China. more »

Foreign trade of Lithuania in January– August 2009

Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion. more »

AB „Finasta Holding“ will control „Finasta“ group and other companies of bank SNORAS group, engaging in financial investment activity

On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management. more »

Bust airlines - MEPs back compensation for grounded passengers

If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund. more »

Crisis lessons

Euro report says currency provided protection from interest and exchange rate turbulence. more »

Prices for industrial production in September 2009 dropped by 1.6 per cent

Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent. more »

IFIs pledge continued drive to support Central and Eastern Europe through recovery

The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe. more »

DnB NORD Bank to approve new note issue programme

The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months. more »