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Serbia's c-bank sets limits on euro/dinar rates at currency exchange shops

Author Radomir Ralev
Serbia's c-bank sets limits on euro/dinar rates at currency exchange shops Source: Statistical Office of the Republic of Serbia

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. 

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