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Croatian National Bank: Euro Hits 8 Year High Against The Kuna

The Croatian National Bank (HNB) has intervened in the foreign exchange market by selling off over 200 million euros, resulting in the central bank exchange rate for the euro hitting an 8 year high against the Croatian kuna.

HNB’s sale of 214.9 million euros at an average rate of 7.607781 kunas, is the banks first intervention this year in an effort to influence the reduction of pressures on the kuna against the single European currency.

From today The Croatian National Bank exchange rate for one euro will be 7.610398 , the highest it has been since 5 January 2005 when it hit 7.64 kuna.

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