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PRESS RELEASE

The ECB confirms intervention in the exchange markets

3 November 2000

The ECB has intervened today in the foreign exchange market owing to its concern about the global and domestic repercussions of the exchange rate of the euro, including its impact on price stability. The ECB confirms its view that the external value of the euro does not reflect the favourable conditions of the euro area.

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Bank Ċentrali Ewropew

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