Serbia's central bank buys euros to stem dinar gains

BELGRADE: The Serbian central bank sold an unspecified amount of euros on the local interbank market on Thursday to bolster the dinar, dealers said.

The bank which keeps the dinar in a managed float against the euro, stepped in as the dinar traded at 118.95 to the euro or 0.08 percent stronger from the previous close.

So far this week the bank sold a total 60 million euros to stabilise the dinar exchange rate. After the intervention the dinar firmed further to 118.7 to the euro, Reuters data showed.