Dinar rallies, new NBS measures
The dinar rallied against the euro today, regaining 3.6 percent of its value.
Monday, 08.12.2008.
09:58
The dinar rallied against the euro today, regaining 3.6 percent of its value. At the same time, the National Bank of Serbia’s (NBS) Monetary Committee will discuss new measures today to further bolster the dinar. Dinar rallies, new NBS measures The dinar is RSD 3.2 stronger today, with the exchange rate at RSD 86.26 to one euro. The Central Bank bought EUR 6.3mn last week at an exchange rate of RSD 83 in order to stabilize the market and stop large fluctuations in the rate. The dinar has increased in value by five dinars over the last two days, after a nine-day slide. NBS Governor Radovan Jelasic said last week that the Monetary Committee would increase banks’ mandatory dinar reserves from 20 to 40 percent, removing about EUR 700mn worth of dinars from circulation. Jelasic said that the NBS would pass new measures to ensure that those euros did not go abroad and were returned to banks in Serbia. B92
Dinar rallies, new NBS measures
The dinar is RSD 3.2 stronger today, with the exchange rate at RSD 86.26 to one euro. The Central Bank bought EUR 6.3mn last week at an exchange rate of RSD 83 in order to stabilize the market and stop large fluctuations in the rate.The dinar has increased in value by five dinars over the last two days, after a nine-day slide.
NBS Governor Radovan Jelašic said last week that the Monetary Committee would increase banks’ mandatory dinar reserves from 20 to 40 percent, removing about EUR 700mn worth of dinars from circulation.
Jelašic said that the NBS would pass new measures to ensure that those euros did not go abroad and were returned to banks in Serbia.
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