BoA injected 178 bln lek Q3 2012

TIRANA, Feb. 27 – Albania’s central bank says it injected a total of 213.3 billion lek (Euro 1.5 billion) in the third quarter of 2012, with the overwhelming majority in one-week repo deals.
Data show the central bank injected 190 billion lek through one-week repo deals in the third quarter of 2012. During this period, the Bank of Albania injected an average 14.61 billion lek in one-week reverse repo deals, 21 billion lek in ten separate one-month reverse repo deals and withdrew excess liquidity through four one-day deals, worth 3.5 billion lek.
The central bank also used one-day deposits in 65 cases to regulate daily liquidity at an average of 6.95 billion lek, up from 4.51 billion lek compared to the previous quarter. BoA also used one-day credits only five times, at an average of 1.08 billion lek.
During the third quarter of 2012, the central bank said it participated in the domestic foreign currency exchange market buying hard currency, worth 5.2 million euros to increase its foreign currency reserve. The central bank also continued foreign currency operations with the Finance Ministry mainly under swap contracts.
The Bank of Albania also bought 165.5 million lek of foreign currency from the International Development Agency (IDA) and the International Bank for Reconstruction and Development (IBRD).