Liquidity In Austrian Schilling Rises As Mark Bonding Strengthens

BANKS

Liquidity in the Austrian schilling is expected to increase this year as it matures from a local currency into a small but professionally managed international unit with close ties to the Deutsche mark. Senior bankers in Vienna, where overall daily forex turnover is about $4 billion, forecast that the local schilling market will get "even stronger" before it weakens again against the mark, citing the better economic performance in 1993 forecast for Austria compared with Germany.

Liquidity is

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