Romanian Central Bank pays over EUR 0.5 bln in new repo operation
It was the second day in a row when BNR starts a repo operation. The one on Tuesday consisted in the equivalent in RON of almost EUR 749 million, the biggest sum paid through a repo from the beginning of the year.
Repo is a contract in which the seller of securities agrees to buy them back at a specified time and price.
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(photo source: Corina Saceanu/Romania-Insider.com)