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Dec 06, 2017 15:53 EEST
December 6 (SeeNews) - Serbia's central bank said it has sold 15 million euro ($17.7 million) to commercial banks on Tuesday to prop up the national currency, the dinar.
The official exchange rate for Wednesday was set at 119.4893 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 intervened to support the dinar on Monday as well, when it sold 15 million euro.
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 FX reserves.
(1 euro = 108.428 dinars)
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