Serbian currency continues its downward slide

The Serbian dinar (RSD) lost 4 paras against the euro (EUR) on Monday, setting the official middle exchange rate at RSD 111.8981. The new record low was reached despite the fact that National Bank of Serbia (NBS) sold EUR 20 million on Friday. Serbian currency continues its downward slide The central bank made daily interventions on the inter-bank foreign exchange market in the course of last week and sold EUR 130 million in order to prevent excessive daily oscillation of the exchange rate. Including the Friday intervention, NBS sold EUR 698.5 million since the beginning of the year. In 2012, the dinar hit its highest on January 11 with the exchange rate at RSD 103.6922. The dinar is down 0.5 percent from this time last month and 11 percent down on the year. On Friday, the indicative dinar-versus-dollar exchange rate was at RSD 84.4259, up 0.5 percent from the day before. The Serbian dinar weakened against the U.S. dollar by 1.3 percent when compared to the level a month ago, and by 20.5 percent if compared to a year ago. Tanjug

Serbian currency continues its downward slide

The central bank made daily interventions on the inter-bank foreign exchange market in the course of last week and sold EUR 130 million in order to prevent excessive daily oscillation of the exchange rate.

Including the Friday intervention, NBS sold EUR 698.5 million since the beginning of the year.

In 2012, the dinar hit its highest on January 11 with the exchange rate at RSD 103.6922.

The dinar is down 0.5 percent from this time last month and 11 percent down on the year.

On Friday, the indicative dinar-versus-dollar exchange rate was at RSD 84.4259, up 0.5 percent from the day before.

The Serbian dinar weakened against the U.S. dollar by 1.3 percent when compared to the level a month ago, and by 20.5 percent if compared to a year ago.