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Serbia's central bank buys euros to limit dinar rise - dealers
April 1, 2014 / 10:13 AM / 4 years ago

Serbia's central bank buys euros to limit dinar rise - dealers

BELGRADE, April 1 (Reuters) - Serbia’s central bank bought euros on the interbank currency market on Tuesday to prevent excessive strengthening of the dinar and to boost market liquidity, dealers said.

The bank sold a total of 820 million euros ($1.10 billion) this year to support the dinar in the run-up to a March 16 parliamentary election. It has since bought 20 million euros as the dinar regained ground.

$1 = 0.7256 euros Reporting by Aleksandar Vasovic; Editing by Matt Robinson

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