Bloomberg News

Serb Central Bank Lifts Dinar Off Lows With 60 Million Euros

March 30, 2012

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.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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