March 25 (SeeNews) - Serbia's central bank has supplied commercial banks with 25.2 billion dinars ($231.9 million/214.5 million euro) of liquidity via two auctions for direct purchase of dinar-denominated government bonds held on March 24, it said.
By these auctions the central bank aims to provide support to Serbia's financial system amidst the spread of the coronavirus disease, it said in a statement on Tuesday.
At the auctions, he central bank provided to banks 4.7 billion dinars for a period of seven days and 20.5 billion dinars for three months at an interest rate of 0.75%, equal to the deposit facility rate.
On Monday, the central bank bought 127 million euro from commercial banks at an additional three-month forex swap auction, supplying them with a total of 14.9 billion dinars at an interest rate of 0.85%.
Serbia's central bank introduced last week a 90-day moratorium on loan repayment by customers of commercial banks and financial leasing companies in order to mitigate the impact of the coronavirus crisis on the country's economy.
(1 euro = 117.470 dinars)