DUGALIC: We can expect exchange rate to stabilize

(Veroljub Dugalic)

The weakening of Dinar against Euro in the past few days is only seasonal in nature, and we can expect the exchange rate to stabilize at this level, Veroljub Dugalic, the secretary-general of the Serbian Association of Banks, said today.

- Serbia's financial market is "shallow" and every commotion in international markets affects ours, but these are not much too big fluctuations in the exchange rate - Dugalic told a press conference.

Dinar today stagnated for the second consecutive day against Euro so the official middle exchange rate remained at RSD 115.6963 for EUR 1.