Serbia's central bank (NBS) sold EUR 50mn on the inter-bank foreign exchange market on Wednesday. Like on previous occasions, the move came "in order to ease excessive daily volatility of the exchange rate", said the cabinet of the NBS governor.
Including the Wednesday intervention, the NBS has sold EUR 2.259bn since the beginning of the year in order to ease excessive daily volatility of the exchange rate and enable uninterrupted functioning of the foreign exchange market.
According to the NBS release, dinar will continue to weaken on Thursday and will drop by 0.04 percent against euro, thus setting the official middle exchange rate at RSD 107.5216, which is a new record low for the domestic currency.
Including the Wednesday intervention, the NBS has sold EUR 2.259bn since the beginning of the year in order to ease excessive daily volatility of the exchange rate and enable uninterrupted functioning of the foreign exchange market.
According to the NBS release, dinar will continue to weaken on Thursday and will drop by 0.04 percent against euro, thus setting the official middle exchange rate at RSD 107.5216, which is a new record low for the domestic currency.
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