NBS intervenes by selling EUR 17mn
The National Bank of Serbia (NBS) sold EUR 17mn during Tuesday's trade at in the Interbank Foreign Exchange Market (IFEM).
Tuesday, 05.01.2010.
17:43
The National Bank of Serbia (NBS) sold EUR 17mn during Tuesday's trade at in the Interbank Foreign Exchange Market (IFEM). The move came in order to prevent excessive daily fluctuation of the dinar exchange rate, which was at RSD 96.8 dinars for one euro today. NBS intervenes by selling EUR 17mn The central bank intervened in order to limit the possible negative effects on the functioning of the foreign currency market caused by the government's transactions of resources, it announced. By selling foreign currency today, the NBS reacted to the significant increase of dinar solvency of the banking sector, caused by the exchange of foreign currency that the country had received from the IMF and the EU, in dinars, for meeting its obligations toward budget users.
NBS intervenes by selling EUR 17mn
The central bank intervened in order to limit the possible negative effects on the functioning of the foreign currency market caused by the government's transactions of resources, it announced.By selling foreign currency today, the NBS reacted to the significant increase of dinar solvency of the banking sector, caused by the exchange of foreign currency that the country had received from the IMF and the EU, in dinars, for meeting its obligations toward budget users.
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