BELGRADE: The Serbian central bank sold euros on the local interbank market on Thursday, to support the dinar which was weakening against the common currency 10 days before a general election, dealers said.
The central bank, which last intervened a day earlier with 30 million euros ($33.73 million), started selling as the dinar traded around 123.15 per euro, or 0.36 percent weaker than the previous close. After the intervention the dinar traded between 122.8 and 123.17 to the euro.
The central bank which so far this year has sold 620 million euros to bolster the dinar, does not announce its interventions and makes their results public only after the trading ends.
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