Latvian central bank intervened in currency market

The Bank of Latvia has intervened in the currency market and sold $3.5m, Andrejs Viks, central bank currency operations foreign reserves portfolio head said.

Viks said the intervention, selling small amounts, was launched November 28. The Bank of Latvia last time intervened in the currency market 3 December 1999. Viks said the intervention was conducted because lat has neared the lowest intervention margin which is attributable to demand for dollars and also, to a certain extent, to the end

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