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Dinar weakens by 17 paras

16. May 2011. | 13:23

Source: Tanjug

The dinar dropped against the euro on Monday by 17 paras setting the middle exchange rate at RSD 99.6261 for EUR 1, the National Bank of Serbia has announced.

The dinar dropped against the euro on Monday by 17 paras setting the middle exchange rate at RSD 99.6261 for EUR 1, the National Bank of Serbia has announced.

The Friday rate of RSD 99.4389 was used during the weekend.

The dinar reached its highest level against the euro on May 5, when the exchange rate was RSD 99.1051 per euro, and the lowest on January 6, with the exchange rate at RSD 106.4947.

Since the beginning of 2011, the central bank intervened in the interbank foreign exchange market only once by purchasing EUR 5 million in order to ease excessive daily volatility of the exchange rate.

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