Serbia's central bank sells euros to bolster dinar

The Serbian central bank sold euros on the local market to bolster the dinar, dealers said on Friday, with the intervention coinciding with an IMF assessment that the bank should allow greater daily flexibility in the exchange rate. The bank intervened with the dinar trading at around 123.7 per euro or 0.24 percent weaker than the previous close. After the intervention, the dinar recovered slightly to 123.6. On Friday, an International Monetary Fund mission which assessed Serbia's finances and compliance with the terms of a 1.2 billion euro ($1.3 billion) loan said.