April 29th, 2010
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Former minister accuses central bank governor of manipulating forint

Former minister in the first Orbán government Imre Boros accuses National Bank (MNB) governor András Simor of illegally influencing the exchange rate in today’s Magyar Hírlap.

“Weakening the forint only requires €20-30 million,” Boros told the daily.

“We could get a clearer picture of the transactions that the András Simor-led MNB has made in the last two days, although that would violate the MNB’s so-called independence. Neither Parliament nor the State Audit Office can get a picture of the MNB’s manoeuvrings, even post facto,” Boros said.

“Certain business circles” do not like the fact that Fidesz’s Viktor Orbán and Zoltán Pokorni have questioned Simor’s competence to be MNB governor, the daily adds.

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  1. ben says:

    Of course they don’t like this, but they understand
    nothing about Hungary. The state and the central
    bank should ideally work independently, but Orban is
    right to target the central bank governor, steel
    people’s money directly or indirectly through
    manipulations, tax evasions etc. kind of behavior
    cannot be kept hidden. It’s time those soviet-
    communist like parasitical mentality stops for the
    sake of Hungarians (which I’m not).

  2. KevinCoin says:

    ben. It doesn’t matter if you aren’t Hungarian. The truth is the the truth.
    You have a “steel” will not to let pariahs “steal” your money.
    Banking and finance institutions are notorious for playing both ends against the middle to the detriment of us honest punters.
    Simor at one stage was keeping is ill-gained in Cyprus until he was ordered to bring it back here.
    Corruption and deceit have no boundaries.