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How did BSH intervene in the exchange rate? In the first three months, it bought 32.60 million euros through auctions

2024-07-15 09:14:12Biznes SHKRUAR NGA REDAKSIA VOX

How did BSH intervene in the exchange rate? In the first three months, it bought

The exchange rate between the Albanian and the European currency has not reached the proper stability for more than a year. But, since May of this year until this period, the euro and the lek have been very close to their "threshold".

If in May, the maximum euro could be exchanged at 101.14 ALL, on June 25, according to the exchange rate, it reached the lowest point in the quota of 101.14 ALL.

But what was the action of the Bank of Albania in the currency exchange market?

The Bank of Albania had frequent interventions in the foreign exchange rate in 2017, where to go back in time, when 1 euro reached 140 ALL.

While currently the Bank of Albania has intervened to curb the strengthening of the lek, where this situation has also affected the smooth running of businesses, mainly those sectors that export.

Referring to the data of the Bank of Albania, a total of 20 interventions in the foreign exchange market are planned for this year, the objective of which is to increase the foreign exchange reserve.

But the Bank of Albania intends to buy about 250-330 million euros through planned auctions.

Meanwhile, according to the Bank of Albania, the stability of the exchange rate has come as a result of interventions carried out by the central bank.

 


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