Serbia's c-bank sells 15 mln euro to prop up dinar

The official exchange rate for Tuesday was set at 117.5654 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 = 117.593 dinars)