The EURO fall affected Kosovars' money for good, that's the explanation from Trust

The euro currency equivalent to the US dollar has undoubtedly been the most controversial news of recent days. Many have asked what impact this will have on the money they have on banks and stored in other institutions.

A clarification on the issue has also been provided by the Kosovo Pension Savings Fund.

Does Demi, the Public Relations Manager at this institution, has shown that the decline of the euro has also affected the money Kosovars have in the Trust, but according to him the impact is positive.

“The FKPK turns out to have benefited from strengthening the US dollar against the euro. That's since late 2021 The FKPK had about 16% of the means or about 370m euros of direct direct investment in investment funds denounced in the US dollar. The American dollar has been reinforced by about 14% since the beginning of 2022. On the other hand, during 2022 FKPK's investments in the US dollar have increased, and on June 30th 2022 direct exposure to it has reached 21.3% of the means, or at around 470m euros”, Demi said of Democracy.com.

While, according to him, the distribution of invested FKPK vehicles, according to the currency at the end of the first quarter of 2022, was divided into different percentages.

“In the Euro distribution of invested tools has been 45.2 percent. In dollars 44.8 percent. In the British field 3.8 percent and in several other currencyes in small percentages of”.