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Dec 21, 2017 11:41 EEST
December 21 (SeeNews) - Serbia's central bank said it has sold 15 million euro ($17.8 million) to commercial banks on Wednesday to prop up the local dinar currency.
The official exchange rate for Thursday was set at 119.3112 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 FX reserves.
(1 euro = 119.017 dinars)
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