August 12 (SeeNews) - The Croatian central bank, HNB, said it has intervened on the local foreign exchange market on August 9, buying 306.5 million euro ($342.9 million) from commercial banks, in order to inject additional kuna liquidity in the system.
The transaction was made at an exchange rate of 7.395 kuna per euro, HNB said in a notice on Friday.
Following the intervention, the average euro/kuna exchange rate for Monday was set at 7.3762, HNB data showed.
The average euro/kuna exchange rate for Friday was 7.3757 versus 7.3741 a day earlier.
This was the central bank's second such intervention this year after it purchased 450.3 million euro at 7.417 kuna per euro in February.
Last year, HNB intervened on the foreign exchange market five times, buying an overall 1.81 billion euro from commercial banks.
At the end of June, the central bank held 19.51 billion euro in foreign exchange reserves, according to preliminary data, up 7% on the month and 19.5% higher on the year.
($=0.893673 euro)