PRESS RELEASE
Bank of Albania interventions in the money market and foreign exchange market over the first quarter of year 2011

1.1. Open market operations

The money market operations over the first quarter of year 2011 consist of open market operations to supply liquidity.

The one-week reverse repo agreement was employed, weekly average ALL 9.73 billion , to supply liquidity as well as the adjustable instruments higher than one-week maturity. As in the last quarter of year 2010, the three-month reverse repo agreement was used in two cases, at nominal value ALL 2.00 billion per auction. The one-month reverse repo agreement was employed only in one case, relative to three cases in the last quarter of year 2010, at nominal value ALL 2.00 billion.

1.2. Standing facilities

The overnight deposit instrument was employed in 19 cases during the first quarter of year 2011, at an average of ALL 0.15 billion, about ALL 0.56 billion lower than in the previous quarter, when this instrument was employed in 32 cases, at an average of ALL 0.70 billion. The use of overnight deposit occurred mainly during the first days of year 2011 and during the last days of the required reserve period. The use of overnight loan occurred in 6 cases at an average of ALL 0.17 billion compared to 5 cases in the previous quarter at an average of ALL 0.71 billion. The following chart provides a summary of the Bank of Albania interventions in the money market during the year 2010.