The Central Bank of the Republic of San Marino (CBSM) announces that the Governing Council of the European Central Bank (ECB) has decided to extend the repo line with the CBSM set at a maximum borrowable amount of EUR 100 million until 31 January 2027, marking the fifth renewal and the first to cover a period of 24 months.
The precautionary liquidity line was adopted by the ECB to support CBSM in addressing any exceptional contingencies resulting from the current international scenario that could potentially affect San Marino’s financial system.
The decision to extend the repo line also strengthens safeguards for the economies that have adopted the euro, reducing potential adverse impacts on financial markets due to current geopolitical tensions.
The precautionary liquidity line was adopted by the ECB to support CBSM in addressing any exceptional contingencies resulting from the current international scenario that could potentially affect San Marino’s financial system.
The decision to extend the repo line also strengthens safeguards for the economies that have adopted the euro, reducing potential adverse impacts on financial markets due to current geopolitical tensions.