NBS intervened in foreign currency market with 60m EUR

National Bank of Serbia (NBS) has announced that it intervened in the interbanking foreign currency market on October 13, 2008, by selling 60m EUR in order to provide for the necessary liquidity of the market and prevent excessive daily oscillations of the exchange rate. NBS also announced that 1 EUR would cost 81.2203 RSD the next day.

The interbanking foreign currency market registered increased demand of the banks' clients for foreign currencies, and the turnover in that market amounted to about 358.4m EUR.

The market was stabilized after the intervention of the National Bank of Serbia, while the last price of Euro in the foreign currency market was 81.26 RSD.