Croatian central bank sells EUR 131mn to support weakening kuna.

By bne IntelliNews February 24, 2012
Croatia's central bank (HNB) said it sold EUR 131mn on the foreign exchange market on February 23 to prop up the weakening of the local kuna currency against the euro. HNB said on its website it sold the euro at an average exchange rate of HRK/EUR 7.579264. This was HNBs third intervention on the forex market this year. HNB stepped up on the forex market twice in January. It first sold EUR 197mn on January 4 at an average exchange rate of HRK/EUR 7.532527. The second intervention was made on January 17, when HNB sold EUR 130 at HRK/EUR 7.546319.

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