Exchange rate over RSD 100 again

The Serbian dinar (RSD) today continued to lose value against the euro (EUR), dropping 75 paras and setting the official middle exchange rate at RSD 100.6602.

Izvor: Tanjug

Wednesday, 15.06.2011.

12:26

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The Serbian dinar (RSD) today continued to lose value against the euro (EUR), dropping 75 paras and setting the official middle exchange rate at RSD 100.6602. This year, the national currency's exchange rate has been below the psychological barrier of RSD 100 per euro from April 29 until yesterday, and saw its peak level on May 23, when the middle exchange rate was RSD 96.7007 per euro. Exchange rate over RSD 100 again The central bank (NBS) said yesterday's sharp fall of the dinar against the euro, by RSD 2, had been due to the relatively high turnover in the foreign exchange market of around EUR 180mn, while a somewhat increased demand for foreign exchange had been caused by the maturity of government inflation-indexed bonds denominated in euros, issued in December 2010. This also came as future issues of securities were announced. The Tuesday turnover indicates normal functioning of markets where the demand for foreign currency is fully met in direct interbank trading, without the participation of the NBS in the foreign exchange market, the central bank said.

Exchange rate over RSD 100 again

The central bank (NBS) said yesterday's sharp fall of the dinar against the euro, by RSD 2, had been due to the relatively high turnover in the foreign exchange market of around EUR 180mn, while a somewhat increased demand for foreign exchange had been caused by the maturity of government inflation-indexed bonds denominated in euros, issued in December 2010.

This also came as future issues of securities were announced.

The Tuesday turnover indicates normal functioning of markets where the demand for foreign currency is fully met in direct interbank trading, without the participation of the NBS in the foreign exchange market, the central bank said.

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