Serbian currency continues to strengthen

BELGRADE The Serbian dinar strengthened 0.5 percent against the euro on Thursday, the National Bank of Serbia (NBS) has announced. The official middle exchange rate will on Thursday be RSD 114.8582 for one euro. Serbian currency continues to strengthen Nevertheless, the national currency is 0.5 percent down on this time last month, and 12.2 percent down on the year. Since the beginning of this year, the dinar has weakened 8.9 percent. This year, the dinar hit its highest level against the single European currency on January 11 when the official middle exchange rate was RSD 103.6922, and its lowest on June 4 with the exchange rate at RSD 117.6943. Since the beginning of 2012, the central bank sold a total of EUR 1.288bn to keep the national currency stable. On Wednesday, the indicative dinar-versus-dollar exchange rate stood at RSD 93.5632, reflecting a rise of 0.6 percent when compared to its previous value. The dinar is 1.3 percent down on this time last month, and 22.8 percent down on the year. It has dropped 13.6 percent against the dollar since the start of the year. Tanjug

Serbian currency continues to strengthen

Nevertheless, the national currency is 0.5 percent down on this time last month, and 12.2 percent down on the year. Since the beginning of this year, the dinar has weakened 8.9 percent.

This year, the dinar hit its highest level against the single European currency on January 11 when the official middle exchange rate was RSD 103.6922, and its lowest on June 4 with the exchange rate at RSD 117.6943.

Since the beginning of 2012, the central bank sold a total of EUR 1.288bn to keep the national currency stable.

On Wednesday, the indicative dinar-versus-dollar exchange rate stood at RSD 93.5632, reflecting a rise of 0.6 percent when compared to its previous value.

The dinar is 1.3 percent down on this time last month, and 22.8 percent down on the year. It has dropped 13.6 percent against the dollar since the start of the year.