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Serbian central bank sells euros to bolster dinar - dealers

Kitco News

BELGRADE, Dec 28 (Reuters) - The Serbian central bank sold an unspecified amount of euros on local market on Thursday to bolster the dinar and reduce fluctuations in its exchange rate, dealers said.

The bank stepped in with the dinar trading at 118.55 to euro or 0.25 weaker than the previous close. After the intervention, the dinar recovered to 118.45 to the euro, Reuters data showed.

On Tuesday, the bank, which keeps the domestic currency in a managed float, purchased 45 million euros ($53.68 million) to stem dinar gains.

($1 = 0.8384 euros)

(Reporting by Aleksandar Vasovic; Editing by Kevin Liffey)

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