November 15 (SeeNews) - In SeeNews story "Serbia's c-bank buys 25 mln euro to limit dinar gains" dated November 15 please read in the headline "Serbia's c-bank sells 25 mln euro to prop up dinar". Please, also read in the first paragraph "Serbia's central bank said it sold 25 million euro ($27.5 million) to commercial banks...", instead of "Serbia's central bank said it has bought 25 million euro ($27.5 million) from commercial banks..."
A corrected version follows:
Serbia's central bank said it sold 25 million euro ($27.5 million) to commercial banks on Thursday to support the dinar currency.
The official exchange rate for Friday was set at 117.4829 dinars per euro, the central bank said in a statement after the intervention that aimed to alleviate the excessive volatility of the dinar exchange rate.
NBS is implementing a managed float exchange rate regime based on supply and demand to preserve price and financial stability and to maintain an adequate level of foreign exchange reserves.
(1 euro = 117.413 dinars)