March 24 (SeeNews) - Serbia's central bank has bought 127 million euro ($138 million) from commercial banks at an additional three-month forex swap auction on March 23 aimed to support the domestic financial system amid the spread of the novel coronavirus disease, it said on Tuesday.
The central bank bought euro from banks at 2,525 weighted average swap points, supplying them with a total of 14.9 billion dinars ($137.8 million/126.8 million euro) at an interest rate of 0.85%, the NBS said in a statement.
Last week, the central bank said the decision to hold the additional forex swap auction was adopted as part of the measures imposed by the central bank during the state of emergency introduced by the Serbian government because of the coronavirus crisis.
Neither dinar nor foreign exchange liquidity of the domestic banking sector are threatened, and that there are ample liquidity buffers to sustain the normal functioning of the financial system, the central bank said back then.
($ = 0.920178 euro)