November 27 (SeeNews) - Serbia's central bank, NBS, said that it has sold 60 million euro ($66 million) on the local interbank foreign exchange market on Tuesday to prop up the local dinar currency.
The official exchange rate for Wednesday was set at 117.5826 dinars per euro, NBS said in a statement after the intervention that 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 = 117.653 dinars)