Hard Currency Auction: Session n°65

The 65th session for hard Currency Auction took place on Tuesday 10 September at the Central Bank with the participation of all the local commercial Bank.

The amount to be auctioned was EUR 1,000,000 split into 20 equal Shares of EUR 50,000 each, versus an amount of EUR 2,000,000 during the previous auction.

For a bottom rate of 1 EUR = BIF 1,045.0000 the reference rate was set to1EUR= BIF1,045.0848 with no substantial change of the medium rate applied until September 10.

The highest rate proposed by the banks was 1EUR=BIF1, 045.0999 whereas the lowest was 1EUR= BIF 890.0000.

The unsatisfied demand was 1EUR = BIF 5,400,000

IBB-News / 10 September 2002
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