CNB sold EUR 180.5m

Published: 19/9/2011

The Croatian National Bank intervened in the foreign exchange market today, selling EUR 180.5m at an average exchange rate of HRK 7.499102 per EUR.

In addition, in order to sterilise excess liquidity in the banking system and alleviate depreciation pressures on the HRK/EUR exchange rate, at an extraordinary meeting tomorrow the CNB Council will make a decision on changing the banks' reserve requirement rate.