Serbia's central bank buys euros to stem dinar gains

BELGRADE: Serbia's central bank purchased an unspecified amount of euros on local interbank market on Monday to stem gains of the dinar, dealers said.

The bank which maintains the dinar in a managed float to the common currency, started buying euros as the dinar traded at the rate of around 117.7 to euro. The dinar later weakened to around 117.8 to one euro.