Serbian Dinar drops again

SOURCETanjug

BELGRADE – The dinar dropped by 0.1 percent against the euro on Tuesday, making the official medium exchange rate RSD 123.0045 – a new 2016 low for the Serbian national currency according to figures released on the National Bank of Serbia (NBS) website.

RSD-Dinar-Money

The NBS sold EUR 10 million on the interbank foreign exchange market on Monday to curb excessive exchange rate fluctuations.

The national currency dropped by 1.0 percent against the eurozone currency compared to a month ago and by 0.1 percent compared to a year ago.

The dinar-to-dollar indicative exchange rate rose by 0.1 percent to RSD 113.4728.

The dinar dropped by 2.1 percent against the US currency compared to a month ago and by 3.3 percent compared to a year ago.

Since the beginning of the year, the NBS has sold EUR 130 million on the interbank foreign exchange market to curb excessive fluctuations of the daily exchange rate.

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