In 2016, the NBS sold EUR 980 million and bought EUR 820 million in the IFEM (net sale of EUR 160 million), intervening mostly on the purchase side from July till November. The first half of 2016 saw depreciation pressures, while the latter half was primarily characterised by appreciation pressures.
Our regional meetings also focused on providing capital and support services to minority-owned small businesses. Through research and analytical efforts, we are working to deepen our understanding of credit market conditions facing small and new businesses, particularly the frictions that impede the flow of credit to creditworthy borrowers.