Central bank buys hard currency

The Serbian dinar (RSD) has continued to strengthen against the euro for the seventh consecutive day.

Izvor: Tanjug

Tuesday, 18.01.2011.

09:46

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The Serbian dinar (RSD) has continued to strengthen against the euro for the seventh consecutive day. On Tuesday its value increased by 56 paras, thus setting the official middle exchange rate at RSD 104,3460, announced the National Bank of Serbia. Central bank buys hard currency This is the highest value of the Serbian currency since the beginning of 2011, whereas the lowest was on January 6, when one euro was worth RSD 106.4947. The central bank bought EUR 5mn at the interbank foreign currency market so as to ease the excessive daily volatility of the exchange rate. This is NBS's first intervention since the beginning of the year, whereas in 2010 it sold EUR 2.579 billion, and bought EUR 226.5mn.

Central bank buys hard currency

This is the highest value of the Serbian currency since the beginning of 2011, whereas the lowest was on January 6, when one euro was worth RSD 106.4947.

The central bank bought EUR 5mn at the interbank foreign currency market so as to ease the excessive daily volatility of the exchange rate.

This is NBS's first intervention since the beginning of the year, whereas in 2010 it sold EUR 2.579 billion, and bought EUR 226.5mn.

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