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Croatian central bank intervenes on foreign exchange market for third time in May

ZAGREB, May 15 (Hina) - The Croatian National Bank (HNB) has intervenedon the foreign exchange market for the third time this month in a bidto stop the domestic currency, the kuna, from getting stronger.
ZAGREB, May 15 (Hina) - The Croatian National Bank (HNB) has intervened on the foreign exchange market for the third time this month in a bid to stop the domestic currency, the kuna, from getting stronger.

The central bank on Monday purchased EUR69.6 million from commercial banks at an average rate of KN7.275064 per euro.

The HNB intervened on the foreign exchange market on 8 and 9 May, buying a total of EUR115 million and placing KN837.3 million on the market.

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