Serbia’s central bank sold euros today, adding liquidity in to market trading as dinar dropped to as low as 111.5630 to the euro.
The Belgrade-based Narodna Banka Srbije said it sold 20 million euros ($26.69 million), a day after announcing plans to amend reserve requirement rules to release additional foreign- currency liquidity to create demand for the weakening dinar. The National Bank of Serbia has sold 385.5 million euros since the start of 2012 to prop up the dinar.
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