PRESS RELEASE
Bank of Albania interventions in the money market and foreign exchange market over the fourth quarter of year 2010

1.1 Open market operations

The money market operations over the fourth quarter 2010 consist of open market operations to supply liquidity.

The one-week reverse repo agreement was employed (weekly average 10.36 billion ALL) to supply liquidity. The one-month and three-month reverse repo agreements were also used. The one-month reverse repo agreement was used in four occasions at an average of 2.5 billion ALL per auction. The employment of 3-month R/REPO was used again, but at reduced frequency and amounts. Two auctions at nominal value ALL 2.00 billion were conducted at the beginning of November.

1.2 Standing facilities

The overnight deposit instrument was employed in 32 cases over the last quarter of year 2010, at an average of ALL 0.71 billion, about ALL 0.23 billion higher than the previous quarter, when this instrument was employed in 27 cases. Also, the use of overnight deposit occurred more intensively during the last days of the required reserve period.

The use of overnight loan occurred in 5 cases at an average of ALL 071 billion compared to 18 cases in the previous quarter at an average of ALL 0.89 billion.