Domestic currency sinks to 123 per euro
BELGRADE -- The Serbian dinar (RSD)is down by 0.5 percent against the euro (EUR) on Tuesday, with the official exchange rate at a record low of RSD 123.4677 for one euro.
The Serbian currency is down 2.3 percent against the eurozone's single currency compared to a month earlier and 6.5 percent compared to a year earlier, the central bank said on Tuesday.
The dinar is up by 0.2 percent against the U.S. dollar, setting the indicative dinar-versus-dollar exchange rate at RSD 109.5251.
Placed against the U.S. currency, the dinar is worth 9.8 percent less than a month ago and 23.0 percent less than a year ago.
In 2015, the Serbian currency touched its highest middle exchange rate level on January 5, when one euro could buy RSD 121.1543.
Since the beginning of 2015, the central bank sold a total of EUR 70 million on the interbank foreign exchange market so as to prevent the excessive daily fluctuations of the exchange rate.
The highest middle exchange rate in 2014 was recorded on January 1, when one euro equaled RSD 114.6421, while the lowest level was noted on December 18 with RSD 122.6321 for one euro. In 2014, the dinar weakened against the euro for 5.2 percent.
Monday 26.01.2015 | 11:26 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian dinar (RSD) is down by 0.2 percent on Monday, setting the official exchange rate at the record low RSD 122.9081 per one euro.
Friday 23.01.2015 | 16:56 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- Prime Minister Aleksandar Vucic accepted all key proposals of the World Bank (WB) during the talks with WB Regional Director for SE Europe Ellen Goldstein.
Friday 23.01.2015 | 11:26 | Source: Tanjug | Comments: (7) | Send comment
DAVOS -- Prime Minister Vucic has told Reuters that the strategic, political and economic objective of his country is to be a part of the EU.
Thursday 22.01.2015 | 14:11 | Source: Tanjug | Comments: (0) | Send comment
DAVOS -- Serbia will act with a minimum state intervention to solve problems related to Swiss franc loans, Serbian Prime Minister Aleksandar Vucic has said.
Thursday 22.01.2015 | 12:52 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia's economic growth "will certainly be higher than forecast by certain international financial institutions," says Vladimir Krulj.
Thursday 22.01.2015 | 10:04 | Source: Beta, Tanjug | Comments: (1) | Send comment
BELGRADE, DAVOS -- Reforms are a matter of survival for Serbia, Prime Minister Aleksandar Vucic said in an opinion piece for Belgrade-based weekly NIN.
Wednesday 21.01.2015 | 14:52 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The IMF Board of Directors is due to hold a meeting on February 23, during which it will decide whether to approve an arrangement with Serbia.
Wednesday 21.01.2015 | 12:02 | Source: Tanjug | Comments: (0) | Send comment
VIENNA -- Serbia is conducting a three-year fiscal consolidation program and expects support from the World Bank (WB) in a number of reform projects.
Wednesday 21.01.2015 | 11:16 | Source: Tanjug | Comments: (15) | Send comment
BELGRADE -- The Standard & Poor's (S&P) credit rating agency has affirmed Serbia's BB- credit rating with negative outlook.
Tuesday 20.01.2015 | 14:45 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The business plan for Zelezara Smederevo steel plant needs be in line with the agreement with the IMF and with EU rules, says Zeljko Sertic.
Tuesday 20.01.2015 | 10:07 | Source: Beta | Comments: (4) | Send comment
BELGRADE -- The National Bank of Serbia announced on Monday that it would "strive to find a swift solution to help citizens with loans in Swiss francs," Beta reported.
Tuesday 13.01.2015 | 09:24 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The inter-annual inflation will see a moderate increase after January this year, approaching the lower limit of the allowed deviation from the target.
Monday 12.01.2015 | 17:04 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia saw a month-on-month decrease of 0.4 percent in retail prices of goods and services used for personal consumption in December.
Monday 12.01.2015 | 16:15 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Fitch Ratings credit rating agency has affirmed Serbia's B+ credit rating, the Public Debt Administration announced on Monday.