ABANK OF ALBANIA STATEMENT
The Bank of Albania interventions in the money and foreign exchange market during the second quarter of 2004

Liquidity situation over the second quarter of 2004 resulted in excess liquidity. The Bank of Albania intervened mainly through the main market instrument, on an average of LEK 3.4 billion. For managing the interest rates of inter-bank market and yields within the level established by the monetary policy, the Bank of Albania restricted the amount withdrawn in the two last auctions of one- week maturity repurchase agreements of this quarter.