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Additional EUR/RSD Swap Auction Organised

The NBS made a decision to organise an additional FX swap auction, using one of the standard instruments for regulating dinar and foreign exchange liquidity of the banking sector. In this way, the NBS gave banks an opportunity to obtain dinar liquidity at a 14-day term against the backdrop of currently reduced surpluses of dinar liquidity.

By organising a EUR/RSD swap auction, the NBS supplied banks with dinar liquidity in the amount of RSD 22.5 bn for a period of 14 days, sending thereby a clear signal that it would not allow unjustified rise in short-term interest rates in the interbank money market or any segmentation of the market of short-term loans.

As so far, the NBS will keep a close eye on movements in the domestic financial market and react when necessary in order to ensure its smooth functioning.

Today the NBS organised an additional two-week swap auction, where in the first leg it bought from banks foreign exchange - euros for dinars. The NBS swap bought EUR 190 mn at weighted average swap points of 1,152.

Governor’s Office