The National Bank of Serbia (NBS) intervened Friday on the interbank foreign exchange market by selling EUR 30 million in order to mitigate excessive daily volatility of the exchange rate.

This is the third such intervention in 2012. The first time was on February 8, when NBS sold EUR 10 million, and the second on February 9, when an additional EUR 68.5 million was sold.

Despite the intervention, the Serbian dinar continues to drop against the euro. It will go down by another 0.8 percent on Monday, thus setting the official middle exchange rate at RSD 110.1939 per one euro.

This will be a new historical minimum of the Serbian currency. This year, the dinar was the strongest on January 11, when the middle exchange rate was at RSD 103.6922 per euro.

During the weekend, the Friday exchange rate will be applied, according to which the official middle exchange rate amounts to RSD 109.3392.