Serbia: Dinar strengthens against euro

After five days of slight depreciation, dinar strengthened against euro by 0.3%, the central bank said. The exchange rate of 94.60 RSD/EUR was established without the Central Bank’s involvement on the inter-banking FX market. 

Since the beginning of the year, dinar has lost 6.8% versus euro. During that period, the central Bank sold EUR 556 million, out of which EUR 175 million in February. There have been no interventions since the beginning of this month.