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Dec 08, 2017 11:54 EEST
December 8 (SeeNews) - Serbia's central bank said it has sold 30 million euro ($35.2 million) to commercial banks on Thursday to bolster the local dinar currency.
The official exchange rate for Friday was set at 119.6426 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 and Tuesday as well, when it sold a total of 30 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 = 119.724 dinars)
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