Czech National Bank’s foreign exchange reserves grew by 14.6 billion euros in 2015

07-01-2016

Foreign exchange reserves of the Czech National Bank increased last year by 14.6 billion euros, several times more than in the previous year. The exchange reserves at the end of last year stood at 59.5 billion euros or 1.608 trillion crowns. According to data released on Thursday, the Czech National Bank in November again intervened on the forex market against the firming crown. The bank launched interventions in November 2013 with the aim to keep the crown's rate below 27 crowns to the euro.