CNB refuses banks' offers

Published: 29/10/2008

Since there was no regular reverse repo auction today, the CNB offered banks the opportunity to acquire the necessary additional kuna liquidity by selling foreign exchange. Banks thus offered a total of EUR 100.8 million at the average exchange rate of HRK 7.214414 for one euro. The price banks offered was above the exchange rate at which interbank transactions were carried out today in the foreign exchange market, so the CNB refused their offer.