Hard Currency Auction: Session n°67

For the second consecutive time, the hard currency supply for auction was limited to USD 500,000 at the sixty-seventh session held on september 24th at the Central Bank (BRB).

The demand of the commercial banks which all attended was still high, estimated at USD 3,225,000 and was only satisfied at 15 %.

After the auction the medium rate stood at USD = BIF 1,073.0097 , resulting in the rates offered between USD = BIF 1,072.50 and USD = BIF1,073.0999

The proposed lowest rate was 1 USD = BIF 1,071 , i.e an equivalent of the day bottom rate.

IBB-News / 24 September 2002
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