Czech Koruna 1 year later CNB intervention

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On FX, CNB will , if necessary, intervene to weaken the koruna to maintain the exchange rate of the koruna against the euro             - in accordance with the decision of the Board - near the level of 27 CZK / EUR . CNB may , if necessary, intervene to defend its exchange rate commitment indefinitely and on the volume of purchases there is no limit . The CNB may , as a central bank to buy any amount of foreign currency.
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