Belgrade, Jan. 24, 2010 (Serbia Today) - Dinar dropped by 7.6% against Euro in 2009 - the National Bank of Serbia announced today (January 18, 2010).
According to the announcement, Dinar dropped by 1.2% in December, while 1 billion EUR were traded in the interbanking foreign currency market, which is 570.6m EUR than in November. “ That was, also, record trading in 2009. Total of 7.1 billion EUR were realized in the interbanking trade last year “ - it is stated in the announcement by NBS.
In order to prevent excessive daily oscillations of the exchange rate and ensure undisturbed and efficient functioning of the financial market under the conditions of high Dinar liquidity of the banking sector, NBS organized two auctions in December and sold total of 100.5m EUR on those occasions.
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