The Croatian Central Bank on Thursday sold banks €190 million at the exchange rate of HRK 7.57 for €1 to maintain the stability of the national currency's exchange rate, as a result of which about HRK 1.44 billion was withdrawn from the financial system.
This is the central bank’s first intervention on the foreign currency market this year and was made after the euro’s middle exchange rate reached its highest level since 26 March.
The last intervention on the foreign currency market was made in mid-December, when €130 million was bought from banks.
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