Thursday, April 30, 2009

National Bank of Macedonia prepares new measures to protect denar

National Bank of Macedonia has announced possible new tightening of monetary policy, Macedonian A1 television channel informs.
Everything depends on the foreign currency reserves, whose balance runs to EUR 1,2 billion now.
If planned measures prove to be insufficient, the bank will take additional ones, said bank governor Petar Gosev.
In the last four months National Bank of Macedonia has spent some EUR 300 million of the foreign currency reserves to secure the protection of the exchange rate of denar, the channel says.

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