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Markets

Serbia's central bank buys euros to stem dinar gains

BELGRADE: Serbia's central bank bought an unspecified amount of euros on the local interbank market on Monday, to st
Published July 1, 2019 Updated July 1, 2019 02:19pm
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By Parvez JabriReuters
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BELGRADE: Serbia's central bank bought an unspecified amount of euros on the local interbank market on Monday, to stem gains of the dinar against the common currency, dealers said.

The bank, which so far in 2019 bought 1.085 billion euros ($1.23 billion), stepped in as the dinar traded at around 117.83 to euro. After the euro purchase, the dinar weakened to 117.92.

Copyright Reuters, 2019

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