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Serbia Has Second-Biggest Euro Sale in 2014 After Downgrade

Serbia had its second-biggest sale of euros this year to bolster the dinar as yields on the nation’s dollar bonds rose after Fitch Ratings Ltd. lowered its debt rating, citing deteriorating public finances.

The National Bank of Serbia sold 60 million euros ($81 million) today, according to central bank data on its website. That’s the biggest one-day sale this year after 70 million euros were sold on Jan. 14, and brings this year’s total to 180 million euros, the data show.