(Finance) – La Central bank of the Republic of San Marino (BCSM) announces that the Board of Directors of the European Central Bank (ECB) has decided to extend until January 31, 2027 the duration of the liquidity line For a maximum amount of 100 million euros in favor of BCSM stressing that it is the fifth renewal and for the first time it concerns a period of 24 months.
This liquidity line precautionary It was taken by the ECB to allow BCSM to cope with any exceptional contingencies – determined by the current international context – which could also generate impacts on the Sammarinese financial system.
The decision contributes to strengthening the defenses to protect the economies that have adopted the euro, mitigating possible negative repercussions on financial markets induced by the geo-political tensions in place.
(Photo: Mika Baumeister on UNSPLASH)