Serbia Plans to Index New Dinar Debt to Ensure Budget Liquidity
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Serbia plans to issue new six-month dinar debt this month and link it either to inflation or the euro to ensure smooth financing of its 2010 budget, Finance Minister Diana Dragutinovic said.
With dinar-denominated debt issues undersold and yields on the rise since June this year, the government needs to raise another 20 billion dinars ($248.17 million) to 25 billion dinars for liquidity financing of the budget.