C. bank blames eurozone trouble for RSD rate
The Serbian dinar (RSD) fell sharply against the euro (EUR), losing 1.5 percent of its value on Thursday.
Thursday, 14.07.2011.
10:34
The Serbian dinar (RSD) fell sharply against the euro (EUR), losing 1.5 percent of its value on Thursday. The official middle exchange rate today is RSD 103.3949 for one euro. C. bank blames eurozone trouble for RSD rate The central bank announced Wednesday that the weakening of the Serbian currency in the last two days is connected to the marked tendencies in the eurozone. The fact that certain European member states are faced with economic problems is affecting all the national currencies in the region, since there is a crisis of trust and investors exercise a considerable caution in investing in any national currency, including the Serbian dinar. "In a managed floating exchange rate regime, such as that of the Serbian dinar, these changes are quite common. In a situation like this, it is vital that the foreign exchange market operate smoothly, which is confirmed by the large daily turnovers in the recent time," the bank said.
C. bank blames eurozone trouble for RSD rate
The central bank announced Wednesday that the weakening of the Serbian currency in the last two days is connected to the marked tendencies in the eurozone.The fact that certain European member states are faced with economic problems is affecting all the national currencies in the region, since there is a crisis of trust and investors exercise a considerable caution in investing in any national currency, including the Serbian dinar.
"In a managed floating exchange rate regime, such as that of the Serbian dinar, these changes are quite common. In a situation like this, it is vital that the foreign exchange market operate smoothly, which is confirmed by the large daily turnovers in the recent time," the bank said.
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