HNB steps in to ease appreciatory pressure on kuna

The Croatian National Bank (HNB) on Tuesday intervened in the foreign-exchange market by purchasing 83.5 million euros from commercial banks at the exchange rate of 7.4925 kuna for one euro in a bid to alleviate appreciatory pressure on the national currency.

RBA analysts said in their comment on Wednesday that by the end of Tuesday the market had stabilised at 7.495 kuna for one euro after opening in the morning with an exchange rate of 7.485 kuna for one euro.

Last update: Wed, 01/06/2016 - 11:38
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