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National Bank bodies

National Bank bodies include the National Bank Council and Executive Board.

The National Bank Governor chairs the National Bank Council and Executive Board, holds the main executive position in the National Bank and is in charge of its day-to-day operations.

INFLATION

EXCHANGE RATES

for the period: -

	Counrty	Code	Currency		Unit	BuyingRate	MiddleRate MKD	SellingRate

NATIONAL BANK POLICY RATES

Monetary instrument	Interest rate
Central Bank bills	6,05%
Overnight loan	6,55%
Overnight deposit	4,20%
7 days deposit facility	4,25%

Changes to the National Bank policy rate

Bank's reserve requirements ratios

Liabilities with contractual maturity of up to 2 years:
in domestic currency	8.0%
in domestic currency with FX clause	100%
in foreign currency	21%
Liabilities with contractual maturity of over 2 years:
in domestic currency	0%
in domestic currency with FX clause	100%
in foreign currency	5%

Financial market operations

Auctions of Central Bank bills

Auctions of government securities

Auctions of repo transactions

Reference rate for calculating the penalty interest rate

6,30%

SKIBOR

The official language of the documents translated herein is Macedonian. In case of any doubt or misunderstanding, the Macedonian version should therefore be considered final.

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National Bank bodies