such an interest rate cut would only mean a technical arrangement stemming from the change in liquidity conditions. therefore, such a move should not be perceived as a loosening or tightening of monetary policy. under the assumptions regarding liquidity stated above, the central bank ’ s 2007 liquidity management strategy will be as follows : ( i ) the central bank will continue to announce overnight borrowing and lending interest rates between 10 : 00 - 12 : 00 and 13 : 00 - 16 : 00 in the interbank money market within the cbrt. in case of a liquidity shortage during the day, banks will be able to borrow at the central bank ’ s lending rate against collateral within their limits. in the event of a fall in interest rates due to increasing liquidity, banks will be able to lend new turkish lira to the central bank at the central bank ’ s borrowing rate. ( ii ) the central bank will continue to provide the late liquidity window facility in the interbank money market within the cbrt between 16 : 00 - 16 : 30 such that banks may borrow from or lend to the central bank against collateral without any limit. ( iii ) in case of a temporary or permanent liquidity shortage, the central bank will continue to carry out liquidity management through one - week repo auctions. when there is liquidity shortage in the market, the central bank will announce the amount of repo auction for that day on reuters ’ cbtf page at 10. 00. while determining the amounts of the auction, the central bank - as long as no extraordinary fluctuations are observed in the market - will endeavor to maintain the average auction interest rate ; a. at maximum of 1 percentage point above the o / n borrowing rate of the central bank announced for the intra - day transactions and to reduce fluctuations in o / n interest rates, in cases where the liquidity shortage in the market is envisaged temporary and when the technical interest rate cut explained in paragraph 48 is not applied, b. at approximately the mid point of the o / n borrowing and lending rates of the central bank, in cases where the liquidity shortage in the market is envisaged permanent and the technical interest rate cut explained in paragraph 48 is applied. ( iv ) the weekly repo auctions will be executed at 11 : 00 and the results will be announced on reuters ’ cbtg page no later than 11 : 30. the traditional auction method will be used in auctions ; in other words, the successful bid

education. through a number of activities, educational publications, lectures, films, and applications, irrespective of their age, visitors learn about financial products and system. the history of money originates long ago and its developments are closely related to the people that have produced it. its role is not limited to the economic functions ; it is also a historic evidence of the minting or issuing country. it speaks about periods of economic crisis or downturns, of peace and prosperity, of successes and injustices. in this context, we decided to dedicate the first conference of the museum of the bank of albania to two main topics, which we think are the gist of its exhibitions and educational activities. 1. findings, researches and discussions in the area of monetary production and circulation, the history of the economy and banking activity in albania and albanian historic territories, which contribute to accurate interpretation and updating of information transmitted to the visitors 1 / 2 bis central bankers'speeches through museum collections. 2. the educational role of central bank museums in getting to know the history of money, and banking activities and enhancing financial literacy through exhibitions, education and innovation. for this purpose, we aim, therefore, to bring together foreign central bank experts to share their perspective on the management of central bank museums, collections and educational activities. this conference certainly underlines the commitment of the bank of albania to earnestly engage in both research and educational activities. we are very interested in enhancing cooperation with researchers, academia, peer museums, and specialised institutions in economic, historic and cultural heritage research. such cooperation is an excellent opportunity to bank of albania employees, who may benefit from valuable skills and expertise for our museum. it would also contribute to new networking and collaboration in research activities. in light of promoting and furthering cooperation, we are committed to turning our conference of the museum of the bank of albania into an annual event. also, in 2017, the museum of the bank of albania will organise a cycle of lectures dubbed as “ nights of the museum ”, which will address a variety of topics, such as numismatics, banking history, economic and financial education, philately, art and architecture. these projects aim at developing another aspect of our work at the museum, which would focus on social developments vis - a - vis museum objects. dear participants, the first conference of the museum of the bank of albania coincides with the 25th anniversary of the establishment of the modern central bank of the republic of albania and a two -