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... exchange reserves, announced that it was abandoning the peg to the European currency unit, allowing the Finnish mark to trade on the market. Free floating, the Finnish mark depreciated by nearly 15% on this day, and foreign exchange traders made profits almost in the blink of an eye.

The next day, the capital was targeted at the Swedish Krona again. Under the urgent situation, the Swedish government announced overnight that it would raise the interest rate to an unprecedented height of 75 ...

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