Serbia's c-bank buys 60 mln euro to stem dinar gains

The official exchange rate for Monday was set at 117.5904 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 = 117.542 dinars)