PRESS RELEASE
Bank of Albania interventions in the money market over the third quarter of year 2011

1.1. Open market operations

Open market interventions, over the third quarter of year 2011, consist of liquidity-providing operations in the market.

One-week reverse repurchase agreement was employed at an weekly average of ALL 21.25 billionfx, as well as the three-month reverse repo agreement, which was used in two cases, an average of ALL 2.5 billion per auction. On  September 22 and 23, 2011, coinciding with the last two days of the required reserve period, the one-day reverse repo agreement was used, at ALL 1.50 billion, respectively.

1.2. Standing facilities

The overnight deposit facility was employed in 10 cases during the third quarter of year 2011, at an average of ALL 0.18 billion, about ALL 0.02 billion less than in the previous quarter, when this facility was employed in 19 cases, at an average of ALL 0.20 billion. The use of overnight deposit mainly occurred on July 22, August 23 and September 23, coinciding with the end of the required reserve period.

Overnight credit was employed in 9 cases, at an average ALL 0.05 billion relative to 13 cases in the previous quarter at an average of ALL 0.23 billion.