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NBS sells EUR 80 million to slow fall of dinar

28. February 2012. | 12:43

Source: Tanjug

The Serbian dinar is down 0.1 percent on Tuesday and the official middle exchange rate stands at RSD 110.3562 for one euro, after the National Bank of Serbia (NBS) sold EUR 80 million in the interbank foreign exchange market Monday to prevent a more significant drop.

The Serbian dinar is down 0.1 percent on Tuesday and the official middle exchange rate stands at RSD 110.3562 for one euro, after the National Bank of Serbia (NBS) sold EUR 80 million in the interbank foreign exchange market Monday to prevent a more significant drop.

This is still a historic low for the Serbian currency, whose highest value this year was RSD 103.6922 for one euro on January 11, the NBS said.

Not counting Monday's intervention, the NBS has sold EUR 108.5 million this year to prevent excessive daily fluctuation in the exchange rate.

The dinar is down 4.2 percent on a monthly and 6.5 percent on an annual level.

The indicative dinar-versus-dollar exchange rate stood at RSD 82.4477 on Monday, down 0.6 percent from Friday. The dinar weakened 2.1 percent against the dollar compared to one month ago and nine percent compared to a year ago.

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