November 19 (SeeNews) - Serbia's central bank, NBS, said it has bought 15 million euro ($16.6 million) on the local interbank foreign exchange market on Monday to limit the gains of the local dinar currency.
The official exchange rate for Tuesday was set at 117.4826 dinars per euro, NBS said in a statement after the intervention aimed at easing the excessive fluctuations of the dinar exchange rate.
NBS implements 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 = 0.902704 dinars)