NBS intervenes by selling EUR 50mn
BELGRADE -- The National Bank of Serbia (NBS) intervened on Friday by selling EUR 50mn.
The move came in order to prevent any large daily fluctuations in the Serbian dinar exchange rate and provide for a free operation of the foreign exchange market, the NBS has announced.
This is the fourth NBS intervention on the interbank foreign exchange market since the beginning of 2010.
The central bank has already sold EUR 60mn in January for the same reasons.
The Serbian dinar recovered somewhat on Friday, after dropping for three consecutive days, and the current exchange rate against the euro stands at RSD 97.3454.