Central Bank interventions
stabilized around 11.5 billion dinars, and took the form, mainly, of main refinancing operations (7 billion dinars) also called tenders, foreign exchange swap operations for monetary policy purposes ($ 2.8 billion) and firm purchases of treasury bills ($ 1.2 billion).
Furthermore, the paper adds to the limited number of studies that have examined the potential asymmetric effects of central bank interventions
in the foreign exchange market by looking at the impact of purchases and sales of foreign exchange separately.
Summary: The GEL partly gained its value against the US$ without central bank interventions
The Euro/Dollar swung erratically on Thursday following Mario's Draghi's dovish remarks on Eurozone growth that left investors pondering the likelihood of further central bank interventions
in the future.
In 2015, "like the last seven years, it is the central bank interventions
which will have an influence over the markets," said Romain Boscher, a stock portfolio manager at Amundi.
As the IMF (2009, 37) points out, "A member should intervene in the exchange market if necessary to counter disorderly conditions, which may be characterized inter alia by disruptive short-term movements in the exchange rate of its currency." Moreover, most central bank interventions
are conducted silently, even though a minority of industrialized countries provides intervention data ex post.
The European trade union movement finds that this treaty - which aims to ensure conditions favourable to continuing European Central Bank interventions
and greater German financial solidarity - will impose further budget austerity in Europe and hinder job creation.
The technicalities of Asian Central Bank interventions
aside, the underlying story is that these banks and oil rich countries are losing their appetite for the US dollar; if they didn't, they'd keep their dollars and not recycle them.
However, central bank interventions
will maintain the stability.
The currency held stable in the past two months at around 215 to the greenback, aided by Central Bank interventions
"These short central bank interventions
serve only to assure that in a crisis situation the system of liquidity provision functions in an orderly manner," he told the newspaper.
dollar, coordinated central bank interventions
in the foreign exchange market, and offered provisions for identifying "currency manipulators." The familiar legal props for international economic coordination of the 1980s and 1990s are repealed.