The Serbian Dinar lost 0.17 percent against the Euro on Friday. The official middle exchange rate equals RSD 99.52 per Euro, reaching the all-time low since the introduction of the Euro.

The National Bank of Serbia sold EUR 25 million yesterday in order to ease excessive daily volatility of the exchange rate and ensure smooth operation of the foreign exchange market.

On Wednesday, the National Bank of Serbia (NBS) sold EUR 45 million on the Foreign Exchange Interbank Market, to prevent too high daily fluctuations of the exchange rate and secure the functioning of the foreign exchange market.

Since the beginning of 2010, the NBS sold EUR 416.5 in total. The Dinar was strongest on January 4, 2010, when middle exchange rate reached RSD 95.97 per Euro.

Serbia’s Finance Minister Dijana Dragutinovic supports state-level campaign against the domination of Euro, which would replace the Central Bank’s interventions in the foreign currency as a means of regulating the exchange rate.

Minister Dragutinovic agrees with the Governor of the Central bank of Serbia, Radovan Jelasic, who believes that the Dinar exchange rate reflects the economic situation in Serbia.

It is possible to challenge the dominance of Euro by developing a secondary securities market and by using the State Dinar deposit, Dragutinovic said.