Hard currency auction, 62nd session

The session n° 62 of hard currency auction took place on August 6th, 2002 at the Central Bank with an active participation of all the local commercial banks.

The amount to be auctioned was EUR 1,500,000 split in 30 equal shares of EUR 50,000 each.

For a bottom rate of BIF 843, the reference rate was BIF 858.0495 versus BIF 869.8593 issued at the end of the previous session.

The highest rate proposed by the banks was 1 EUR=BIF 858.2814 whereas the lowest proposed rate was 1 EUR= 852.

The non-satisfied demand was EUR 8,500,000.

IBB-News / 07 August 2002
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