ZAGREB, May 21 (Hina) - The Croatian National Bank (HNB) has today, for the third time this month and the fourth time in the past 25 days, intervened on the foreign exchange market, with the intent of slowing down the growth of the
kuna. The Bank bought off 62.8 million euro from commercial banks at today's auction, at an average exchange rate of 7.283279 kuna per euro. At today's HNB exchange list, in comparison with the one of last Friday, the kuna grew in relation to the euro or the German Mark by 0.17 percent. The mean rate of exchange for the Mark is 3.735478 kuna, and the exchange rate for the euro is 7.305960 kuna. AT the same time, the US dollar today grew by 0.12 percent to 8.341089 kuna. The central bank assesses nothing drastic is happening to the kuna, and by some estimates of HNB analysts, the exchange rate level will not change significantly. The growing of the kuna is ha
ZAGREB, May 21 (Hina) - The Croatian National Bank (HNB) has today,
for the third time this month and the fourth time in the past 25
days, intervened on the foreign exchange market, with the intent of
slowing down the growth of the kuna. The Bank bought off 62.8
million euro from commercial banks at today's auction, at an
average exchange rate of 7.283279 kuna per euro.
At today's HNB exchange list, in comparison with the one of last
Friday, the kuna grew in relation to the euro or the German Mark by
0.17 percent. The mean rate of exchange for the Mark is 3.735478
kuna, and the exchange rate for the euro is 7.305960 kuna.
AT the same time, the US dollar today grew by 0.12 percent to
8.341089 kuna.
The central bank assesses nothing drastic is happening to the kuna,
and by some estimates of HNB analysts, the exchange rate level will
not change significantly. The growing of the kuna is happening for
good reasons -- production has begun, bank credits are increased,
the best tourist season hitherto is expected, they say.
The kuna has grown by four percent in the past month or so.
(hina) lml sb