Exchange rate for Wednesday at 120.4385,NBS sells EUR 30 mil

BELGRADE - The National Bank of Serbia (NBS) sold EUR 30 million in the Interbank Foreign Exchange Market (IFEM) Tuesday to stabilize the domestic currency, but despite the intervention, the dinar will weaken 0.3 percent against the euro on Wednesday and the official exchange rate will stand at RSD 120.4385 for one euro, the NBS said in a release.

Placed against the Eurozone currency, the Serbian dinar will go down 0.8 percent against a month ago and 5.3 percent against a year earlier.

The indicative dinar-versus-dollar exchange rate will be 96.1738, up 0.1 percent from the day before.

The dinar-versus-dollar exchange rate will be down 2.9 percent against the month before and 12.2 percent against the year earlier.

Today's transaction included, the NBS has bought a total of EUR 200 million and sold EUR 1.355 billion in the IFEM since the beginning of the year to prevent excessive daily volatility of the exchange rate.

Photo Tanjug, D. Peternek (archive photo)