The European Central Bank is preparing to provide euro liquidity to monetary authorities worldwide, aiming to prevent market tensions and increase the international use of its currency.

In a statement released on Saturday, the Frankfurt-based ECB said the repo facility will be extended to "all central banks, unless excluded for specific reasons, particularly those related to money laundering, terrorist financing, or international sanctions." The new rules will take effect from the third quarter.

"The framework will enable central banks in jurisdictions outside the euro area to respond quickly to the risk of euro liquidity shortages," the statement noted. "These adjustments are intended to make the facility more flexible, broaden its geographical coverage, and enhance its relevance for global holders of euro-denominated securities."