Arab Today, arab today croatian borrowers say soaring swiss franc a disaster
Last Updated : GMT 08:36:26
Arab Today, arab today
Arab Today, arab today

Croatian borrowers say soaring Swiss franc a 'disaster'

Arab Today, arab today

Arab Today, arab today Croatian borrowers say soaring Swiss franc a 'disaster'

Swiss francs
Zagreb - AFP

An association of Croatians with loans in Swiss francs called the soaring of the currency Thursday a "disaster" and were to urgently meet with the government over the issue.
"Such a decision by the Swiss National Bank impacts borrowers with loans in francs... For us it is a disaster," head of the Franak association Denis Smajo told the state-run HRT state-run television.
The association immediately contacted Finance Minister Boris Lalovac with whom they were to meet later on Thursday, he said.
Switzerland's central bank said Thursday it was ending a three-year bid to artificially hold down the franc's value.
Croatia's kuna currency fell by nearly 17 percent against the Swiss franc on Thursday.
Some 60,000 Croatians have loans in Swiss francs and the Franak association that estimates that the move could affect lives of up to 300,000 people.
More than 100,000 people in Croatia, the country of 4.2 million, have taken out loans denominated in Swiss francs, almost three-quarters of which were to buy homes.
Meanwhile, the largest circulating Vecernji list daily on its online edition called the borrowers to pay their instalment "already today" and explained that banks were using exchange rates formed during the previous working day.
"Deluge for debtors in Swiss francs!" read the paper's online front-page headline.
Croatia joined the European Union in 2013, but has yet to adopt the euro.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today croatian borrowers say soaring swiss franc a disaster Arab Today, arab today croatian borrowers say soaring swiss franc a disaster

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday