“Banks show increased demand for dinars”
Bank demand for Serbian dinars (RSD) was far greater than that for foreign currency at the 3-monthly foreign exchange swap auctions, said reports.
Wednesday, 09.06.2010.
10:12
Bank demand for Serbian dinars (RSD) was far greater than that for foreign currency at the 3-monthly foreign exchange swap auctions, said reports. The auctions were organized by the National Bank of Serbia (NBS). “Banks show increased demand for dinars” “The NBS swap bought EUR 10mn at weighted average swap points of 15,892, while no bank bids for the purchase of foreign currency were accepted,” according to a statement from the central bank. The NBS organizes foreign exchange swap auctions every three months with the aim to boost interbank foreign exchange swap trading and encourage development of the foreign exchange hedging market. In the auctions, banks sell or purchase foreign currency and are obliged to re-sell/re-purchase it at an established price within a specified maturity date.
“Banks show increased demand for dinars”
“The NBS swap bought EUR 10mn at weighted average swap points of 15,892, while no bank bids for the purchase of foreign currency were accepted,” according to a statement from the central bank.The NBS organizes foreign exchange swap auctions every three months with the aim to boost interbank foreign exchange swap trading and encourage development of the foreign exchange hedging market.
In the auctions, banks sell or purchase foreign currency and are obliged to re-sell/re-purchase it at an established price within a specified maturity date.
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