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BELGRADE (Serbia), November 8 (SeeNews) - Serbia's central bank said on Thursday it decided to limit the euro/dinar rate applied in exchange offices to 1.25% above or below its official exchange rate.
The decision aims to prevent situations in which the buying/selling rates of authorised exchange dealers differ considerably from those applied by competitors, the central bank said in a statement.
Such deviations are observed in some exchange offices at the Belgrade airport, filling stations or shopping malls, which, in the absence of competition, apply significantly lower or higher exchange buy/sell euro rates.
In adopting the decision, the NBS was guided by data indicating that the majority of authorised exchange dealers apply buy/sell exchange rates for the euro in a range narrower than 1.25% on both sides of the official rate.