Serbian dinar hits new record low

The dinar is down by 0.2 percent Thursday, setting the official middle exchange rate at RSD 111.0888 for one euro, the National Bank of Serbia (NBS) has said. The dinar dropped despite the fact that the NBS sold EUR 20mn. Serbian dinar hits new record low The NBS has sold EUR 308.5mn in the interbank foreign exchange market since the beginning of the year, Wednesday's intervention excluded, to alleviate the excessive daily volatility of the exchange rate. The dinar hit its record low against the single European currency on March 14, when the official middle exchange rate was RSD 111.0286, and its yearly high on January 11 with the rate at RSD 103.6922. Compared to a month before, the Serbian currency is down 2.2 percent, and 7.3 percent compared to a year ago, the NBS release reads. The indicative dinar vs. dollar exchange rate stood at RSD 84.2411 on Wednesday, down by 0.9 percent compared to the previous day. The dinar weakened 2.6 percent against the U.S. dollar on a monthly and 14 percent on an annual level. Tanjug

Serbian dinar hits new record low

The NBS has sold EUR 308.5mn in the interbank foreign exchange market since the beginning of the year, Wednesday's intervention excluded, to alleviate the excessive daily volatility of the exchange rate.

The dinar hit its record low against the single European currency on March 14, when the official middle exchange rate was RSD 111.0286, and its yearly high on January 11 with the rate at RSD 103.6922.

Compared to a month before, the Serbian currency is down 2.2 percent, and 7.3 percent compared to a year ago, the NBS release reads.

The indicative dinar vs. dollar exchange rate stood at RSD 84.2411 on Wednesday, down by 0.9 percent compared to the previous day.

The dinar weakened 2.6 percent against the U.S. dollar on a monthly and 14 percent on an annual level.