The Croatian National Bank organized the 25th International Economic Conference in Dubrovnik on Saturday.
The conference gathered some 90 experts and representatives from financial institutions and economic politics. National Bank Governor Boris Vujčić announced that Croatia will shortly submit a letter of intent for joining the European Exchange Rate Mechanism. He added that before joining into cooperation with the European Central Bank the Croatian banking system will be tested.
"As far as Croatian banks are concerned we expect them to pass this test very well. As I always mention, the capital adequacy and liquidity of Croatian Banks is such that there is no doubt that this is a high quality and stable system. In fact, it is higher than the average in the Euro Zone itself, significantly higher, so we really don't expect any problems."
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