Serbian Dinar Slides Further Against Euro

SOURCETanjug

BELGRADE – The dinar will continue weakening against the euro, going down by 0.2 percent on Monday, and setting the official middle exchange rate at RSD 122.8257 per euro, the National Bank of Serbia (NBS) said in a release.

RSD-Dinar-Money

The dinar will slide against the single European currency by 0.6 percent relative to the level a month ago, and 0.1 percent to the level a year ago.

Since the start of the year, the dinar fell against the euro by 1 percent, and the NBS sold EUR 70 million on the interbank FX market so as to prevent the rate from being too volatile on a daily basis.

On Monday, the dinar will slump to the lowest level against the euro in 2016, with one euro trading for RSD 122.8257, while it reached the highest level on January 4 – RSD 121.5141 per euro.

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