ZAGREB, August 28, 2020 – The European Central Bank and the Croatian National Bank (HNB) have agreed to extend a euro liquidity line by six months until the end of June 2021, the HNB said on Friday.
The ECB and the HNB established a currency swap in April under which the HNB can borrow up to €2 billion from the ECB in exchange for Croatian kuna.
The swap was agreed to, to provide euro liquidity to Croatian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock. The euro liquidity line had been agreed initially until the end of 2020.
The maximum maturity for each drawing is three months.
For the latest travel info, bookmark our main travel info article, which is updated daily.
Read the Croatian Travel Update in your language – now available in 24 languages
Join the Total Croatia Travel INFO Viber community.
Subscribe to our newsletter
the fields marked with * are requiredRelated posts:
Government: Changes to the Law on Croatian National Bank Possible Only After ECB Gives Its Opinion
“If we Bring in the Euro, Croatian National Bank Loses All Authority”
Zdravko Marić ”Through Adopting Euro We’ll Be Able To Raise Living Standards and Prosperity”
ECB: Entry Into ERM II Will Prompt Institutional Reforms in Croatia
