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Oct 02, 2019 10:45 EEST
October 2 (SeeNews) - Serbia's central bank said it bought 75 million euro ($81.9 million) from commercial banks on Monday to limit gains of the local dinar currency.
The official exchange rate for Tuesday was set at 117.5127 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 = 117.605 dinars)
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