Serbian currency slows decline to 0.1%

The Serbian dinar on Monday slowed down its slide against the euro to 0.1 percent, after the National Bank of Serbia (NBS) sold EUR 53.5 million

Izvor: Tanjug

Monday, 28.05.2012.

09:46

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The Serbian dinar on Monday slowed down its slide against the euro to 0.1 percent, after the National Bank of Serbia (NBS) sold EUR 53.5 million The official middle exchange rate is today RSD 115.8671 for one euro, the central bank said. Serbian currency slows decline to 0.1% Since the beginning of 2012, the central bank has sold a total of EUR 1.52 billion on the interbank foreign exchange market, Friday's intervention included, "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 3.5 percent down on this time last month, and 16.3 percent down on the year. On Friday, the indicative dinar-versus-dollar exchange rate was at RSD 92.4717, down 0.2 percent from the day before. The dinar weakened against the U.S. dollar by 8.2 percent when compared to the level a month ago, and by 26.4 percent if compared to a year ago. Tanjug

Serbian currency slows decline to 0.1%

Since the beginning of 2012, the central bank has sold a total of EUR 1.52 billion on the interbank foreign exchange market, Friday's intervention included, "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 3.5 percent down on this time last month, and 16.3 percent down on the year.

On Friday, the indicative dinar-versus-dollar exchange rate was at RSD 92.4717, down 0.2 percent from the day before.

The dinar weakened against the U.S. dollar by 8.2 percent when compared to the level a month ago, and by 26.4 percent if compared to a year ago.

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