It was a scary day for Polish Swiss-franc loan holders! Poland’s - TopicsExpress

It was a scary day for Polish Swiss-franc loan holders! Poland’s złoty weakened 15 percent to 4.1533 against the Swiss currency by 5:56 p.m. in Warsaw, paring an earlier loss of as much as 28 percent. However, Polish financial regulator KNF said on Thursday that even a 50 percent surge (from the current 1 Swiss Franc = 4.2 złoty to 1 Swiss Franc = 5.19 zł) in the value of the Swiss franc against the zloty would not pose a significant increase in risks for the Polish banking sector.

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