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The European Central Bank (ECB) and the National Bank of Romania (NBR) agreed to extend the framework agreement for the provision of liquidity in euros for the NBR through a repurchase line until the end of June 2021, according to a statement to the central bank.
“The European Central Bank (ECB) and the National Bank of Romania (NBR) have agreed to extend the framework agreement for the provision of liquidity in euros for the NBR, through a repurchase line, in order to satisfy the possible appearance of a need for liquidity in “In the context of the Covid-19 shock caused by the market, the ECB provides liquidity in euros to a foreign central bank in exchange for adequate guarantees,” the statement read.
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On the basis of the repurchase line, the NBR may borrow up to € 4.5 billion from the ECB.
Initially, it was agreed that the repurchase line would remain in force until December 31, 2020. The financial agreement has been extended until the end of June 2021.
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