BELGRADE: Serbia's central bank bought 50 million euros on Friday to rein in the dinar, a day after it purchased 10 million euros, as euro liquidity and sales of high-yield dinar-denominated debt bolstered the currency.
In a statement, the central bank, which has so far in 2015 bought 320 million euros, said it intervened to "mitigate daily oscillations of the exchange rate." "The central bank will in the future maintain activities to secure unimpeded functioning of the (foreign) currency market," the statement said.
The bank set its median dinar exchange rate for Monday to 120.0085 to euro, a fraction stronger than on Friday when it stood at 120.0558.
At 1650 GMT, the dinar stood at 120.25, or 0.04 percent weaker than a day earlier.
On Thursday, Serbia's debt agency sold 10 billion dinars of two-year treasury bonds with a yield of 8.63 percent.
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