November 21 (SeeNews) - Serbia's central bank, NBS, said that it has sold 10 million euro ($11 million) on the local interbank foreign exchange market on Wednesday to prop up the local dinar currency.
The official exchange rate for Thursday was set at 117.5344 dinars per euro, NBS said in a statement after the intervention aimed at easing 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 = 0.903226 dinars)