Croatia’s Foreign Currency Reserves Grow in 2017

ZAGREB, February 12, 2018 – Croatia’s gross international reserves stood at 15.7 billion euro at the end of 2017, which was 16.2% or 2.2 billion more compared to the end of 2016, figures released by the Croatian National Bank (HNB) show.

Their increase is owing to the purchase of foreign exchange from banks and the Finance Ministry, worth EUR 1.8 billion, and a higher number repo actions than in 2016.

The total net international reserves of the HNB in 2017 rose by 1.6 billion euro or by nearly 13%, reaching 13.7 billion.

As a result of the fact that approximately three quarters of international reserves are denominated in euros, a mild depreciation of the national currency kuna against euro by 0.13% on the year led to a growth of foreign assets.

 

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