The Discount Bill is issued by the MNB within the scope of its fundamental duties, as defined in Section 4(1) of the MNB Act, in accordance with Article 18c) of the MNB Act, within the framework of enforcing the monetary policy, for the purposes of easing foreign exchange swap market tensions, and – first and foremost – to mitigate the market impact of the quarter-end deleveraging of non-resident clients  of domestic credit institutions of key importance for the foreign exchange swap market.

Archive