Serbia’s C-bank Says Sells 20 Mln Euro To Back Dinar

NBS intervened to halt the extreme daily oscillations of the exchange rate, the bank said in a statement.

The dinar weakened beyond 86.00 per euro and the central bank intervened twice on Thursday, a commercial bank dealer told SeeNews.

“The dinar strengthened very soon after the interventions and closed at 87.10-87.40,” the dealer said.

NBS set an indicative exchange rate of 86.7145 dinars per euro for Friday based on Thursday's trading, the statement said.

NBS sold 30 million euro on Wednesday to prevent an excessive drop of the dinar.