ZAGREB, 2 March 2022 - The Croatian National Bank (HNB) on Wednesday intervened in the foreign exchange market to preserve the kuna exchange rate, selling €171 million to commercial banks at an average exchange rate of HRK 7.562505 for one euro, the HNB said in a brief statement.
This was the central bank's first foreign exchange intervention since 16 June 2021.
The kuna strengthened against the euro by a marginal 0.0001 per cent from Tuesday.
Today's middle exchange rate, effective from Thursday, is 7.560528 kuna for one euro.
The Croatian financial system is currently enjoying record liquidity of about HRK 80 billion.
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