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Minimum and Maximum Amounts Paid and Charged by Banks in Exchange Transactions
Overview of data on minimum dinar amounts paid by banks at the time of buying and/or maximum dinar amounts charged by banks at the time of selling foreign cashIn order to enhance transparency of data on the performance of exchange transactions, the National Bank of Serbia enacted a new Decision on the Conditions and Manner of Operation of the Foreign Exchange Market ("RS Official Gazette", No. 67/2006) which obligates banks to submit to the National Bank of Serbia data on the smallest (minimum) amounts paid at the time of buying foreign cash, and on the highest (maximum) amounts charged at the time of selling foreign cash, for all currencies contained in their respective exchange rate lists, by 9:00 a.m. on each business day. |
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