The dinar continued its sharp drop and weakened against the euro by 78 paras Wednesday, setting the official middle exchange rate at RSD 99.5803, the National Bank of Serbia (NBS) released.

NBS stated Tuesday that it has bought EUR 40 million on the interbank foreign exchange market over the past 20 days, in keeping with the previously issued announcement.

On May 19, the NBS started purchasing euro on the interbank foreign exchange market so as to ease excessive daily volatility of the exchange rate, after NBS Vice-Governor Bojan Markovic announced that the NBS intends to buy a total of EUR 40 million on the foreign exchange market.