Serbia's bank buys euros to stem dinar gains

05 Jul, 2016

Serbia's central bank purchased euros on the interbank market on Monday to stem gains in the dinar against the common currency as markets continued to settle following initial Brexit scare, dealers said.
The bank which last Thursday bought 30 million euros, began intervening on Monday with the dinar trading at around 123 to euro, or around 0.28 percent stronger than the previous close. It sold 870 million euros and purchased 50 million euros to stabilise the currency so far this year.

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