Currency weakens as government securities reach maturity

The Serbian dinar (RSD) lost value agains the euro (EUR) today amid a relatively high EUR 180mn turnover in the foreign exchange market.

Izvor: Tanjug

Tuesday, 14.06.2011.

10:57

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The Serbian dinar (RSD) lost value agains the euro (EUR) today amid a relatively high EUR 180mn turnover in the foreign exchange market. The home currency weakened as demand for foreign currency rose slightly as government securities indexed in euros and issued in December 2010 reached their maturity date and new offerings were announced, the National Bank of Serbia (NBS) said. Currency weakens as government securities reach maturity Monday's trade shows the market is functioning normally, and the demand for foreign currency is being fully met in direct interbank trade, without the participation of the NBS, the central bank said. As in the past, the NBS will continue its interventions in the foreign exchange market if and when they are needed to ensure its normal operation, the bank's officials announced. The Serbian currency dropped against the euro sharply by two dinars on Tuesday, with the day's exchange rate at RSD 99.9156 for one euro.

Currency weakens as government securities reach maturity

Monday's trade shows the market is functioning normally, and the demand for foreign currency is being fully met in direct interbank trade, without the participation of the NBS, the central bank said.

As in the past, the NBS will continue its interventions in the foreign exchange market if and when they are needed to ensure its normal operation, the bank's officials announced.

The Serbian currency dropped against the euro sharply by two dinars on Tuesday, with the day's exchange rate at RSD 99.9156 for one euro.

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