BoA injects 1.74 bln euros in Q3

TIRANA, Jan 20- Albania’s central bank injected a total of 242.28 billion lek (1.74 billion euros / USD 2.37 billion) in the third quarter of this 2010, mostly through one-week repo deals.
The Bank of Albania said in a statement it injected 232 billion lek through one-week repo deals during July-September 2010. During this period, the Bank of Albania injected an average 17.86 billion lek a week in one-week reverse repo deals, 7 billion lek in two one-month deals and 4 billion lek in a single three-month reverse repo deal.
The central bank also used one-day deposits in 26 cases to regulate daily liquidity by using 0.48 billion lek on average over the third quarter, around 0.15 billion lek more than the previous quarter. It also used one-day credits 18 times, at an average of 0.89 billion lek. The central bank said it intervened in the domestic foreign currency exchange market in the third quarter for the first time since August 2008.
BoA sold around 1.6 billion lek during the third quarter of 2010 in an effort to initially avoid disorders in the domestic foreign currency market and later increase foreign currency reserve.
The central bank also continued operations with the Finance Ministry buying 1.37 billion lek of foreign currency and selling 1.36 billion lek. The Bank of Albania also bought 26 million lek of foreign currency from the International Development Agency (IDA) and the International Bank for Reconstruction and Development (IBRD).