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Serbia's central bank buys euros to stem dinar gains - dealers
August 31, 2017 / 11:17 AM / 3 months ago

Serbia's central bank buys euros to stem dinar gains - dealers

BELGRADE, Aug 31 (Reuters) - The Serbian central bank intervened on the local interbank market on Thursday and bought an unspecified quantity of euros to stem gains in the dinar against the common currency, dealers said.

The bank, which so far this year bought a total of 930 million euros ($1.1 billion), stepped in as the dinar traded at 119.07 to the euro. It last intervened on Wednesday with 15 million euros.

After the intervention, the dinar weakened to 119.17 to the euro, Reuters data showed. ($1 = 0.8437 euros) (Reporting by Aleksandar Vasovic; Editing by Hugh Lawson)

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