money market interventions – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 21 Dec 2023 15:59:03 +0000 en-US hourly 1 Central bank plans to increase foreign currency purchases https://en.ata.gov.al/2023/12/21/central-bank-plans-to-increase-foreign-currency-purchases/ https://en.ata.gov.al/2023/12/21/central-bank-plans-to-increase-foreign-currency-purchases/#respond Thu, 21 Dec 2023 15:59:03 +0000 https://en.ata.gov.al/?p=222956 TIRANA, Dec 21 /ATA/ – Albania’s central bank has approved a calendar of its interventions in the money market and foreign exchange market next year.

The Bank of Albania said Thursday that it has reviewed the calendar as part of its plans to increase the foreign exchange reserves held by the central bank, mainly in euro and dollars and in monetary gold reserves, according to a methodology built in collaboration with the International Monetary Fund.

In this context, central bank expects Albania’s Foreign Exchange Reserves to grow to around 7.4 billion euros in 2026.

Every year, the Bank of Albania plans to buy foreign currency in the market with the aim of increasing its foreign exchange reserves, based on a schedule set at the beginning of the year for an amount estimated at around 270 -330 million euros, safeguarding a healthy financial system.

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