Serbian currency continues to weaken

The Serbian dinar is down by 13 para or 0.1 percent Wednesday, dropping to the official middle exchange rate of RSD 112.5775 for one euro. This is another all-time low, the National Bank of Serbia (NBS) has announced. Serbian currency continues to weaken Since the beginning of 2012, the central bank has sold a total of EUR 783.5mn on the interbank foreign exchange market so as to ensure smooth running of the foreign exchange market. This year, the dinar hit its highest level against the single European currency on January 11 with the exchange rate at RSD 103.6922. The dinar is 0.9 percent down on this time last month, and 11.5 percent down on the year. On Tuesday, the indicative dinar-versus-dollar exchange rate was at RSD 87.9718, down 0.4 percent from the day before. The dinar weakened against the U.S. dollar by 3.5 percent when compared to the level a month ago, and by 19.6 percent if compared to a year ago. Tanjug

Serbian currency continues to weaken

Since the beginning of 2012, the central bank has sold a total of EUR 783.5mn on the interbank foreign exchange market so as to ensure smooth running of the foreign exchange market.

This year, the dinar hit its highest level against the single European currency on January 11 with the exchange rate at RSD 103.6922.

The dinar is 0.9 percent down on this time last month, and 11.5 percent down on the year.

On Tuesday, the indicative dinar-versus-dollar exchange rate was at RSD 87.9718, down 0.4 percent from the day before.

The dinar weakened against the U.S. dollar by 3.5 percent when compared to the level a month ago, and by 19.6 percent if compared to a year ago.