March 7, 2018 / 5:11 PM / 9 months ago

CORRECTED-UPDATE 1-Serbia's central bank buys 75 million euros to stem dinar gains

(Corrects paragraph 1 to say .. 75 million euros ..not.. 76 million euros)

BELGRADE, March 7 (Reuters) - The Serbian central bank bought 75 million euros ($94 million) on the local interbank market on Wednesday to stem gains in the dinar against the common currency.

The bank, which a day earlier purchased 15 million euros, intervened as the dinar traded at the rate of 117.9.

In a statement, the bank said it intervened to prevent excessive fluctuations in the dinar exchange rate.

At 1655 GMT, the dinar traded at a rate of 118.04, Reuters data showed.

The Serbian central bank keeps the dinar in a managed float versus the euro, a preferred foreign currency in the European Union candidate country. ($1 = 0.8068 euros) (Reporting by Aleksandar Vasovic Editing by Hugh Lawson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below