Serbian currency loses more value

The Serbian dinar lost 94 paras of its value gainst the euro on Tuesday.

Izvor: Tanjug

Tuesday, 21.12.2010.

10:29

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The Serbian dinar lost 94 paras of its value gainst the euro on Tuesday. The official middle exchange rate is now RSD 106,5390 for one euroe, announced the National Bank of Serbia (NBS). Serbian currency loses more value The central bank intervened by selling EUR 60mn in the interbank foreign exchange market on Monday, in an attempt to alleviate the excessive daily fluctuations in the exchange rate. The Serbian currency was down for the second straight day, losing a total of RSD 2.2 against the euro, after seven consecutive days of strong gains against the EU currency, during which it went up around three dinars. Counting Monday's intervention, the NBS has sold a total of EUR 2,499bn since the start of the year. Last week, the central bank intervened in the interbank foreign exchange market every day save on Friday, buying a total of EUR 116mn. The dinar hit its high for the year on January 4, when the official middle exchange rate was 95,9679, and its low on November 4, when the euro was worth 107,5216.

Serbian currency loses more value

The central bank intervened by selling EUR 60mn in the interbank foreign exchange market on Monday, in an attempt to alleviate the excessive daily fluctuations in the exchange rate.

The Serbian currency was down for the second straight day, losing a total of RSD 2.2 against the euro, after seven consecutive days of strong gains against the EU currency, during which it went up around three dinars.

Counting Monday's intervention, the NBS has sold a total of EUR 2,499bn since the start of the year. Last week, the central bank intervened in the interbank foreign exchange market every day save on Friday, buying a total of EUR 116mn.

The dinar hit its high for the year on January 4, when the official middle exchange rate was 95,9679, and its low on November 4, when the euro was worth 107,5216.

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