October 23 (SeeNews) - Serbia's central bank said it sold 45 million euro ($50 million) to commercial banks on Tuesday to bolster the dinar currency.
The official exchange rate for Wednesday was set at 117.6147 dinars per euro, the central bank said in a statement after the intervention that aimed to slow the weakening of the dinar.
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 = 117.594 dinars)