Serb Central Bank Lifts Dinar Off Lows With 60 Million Euros
Serbia’s central bank sold euros for a fourth consecutive day today, lifting the dinar 0.3 percent after it fell to as low as 111.7900 to the euro.
The Belgrade-based Narodna Banka Srbije sold 60 million euros ($79.91 million), its second-biggest daily intervention this year, to “enable the smooth functioning of the foreign- exchange market,” it said in a statement posted on its website. The bank has sold 498.5 million euros since the start of 2012 to prop up the dinar.
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