Currency

EUR-RSD exchange rate drops below 120

BELGRADE -- The Serbian dinar (RSD) gained by 0.1 percent against the euro (EUR) on Friday, thus setting the official middle exchange rate at RSD 119.9507 for one euro.

Following Wednesday’s meeting in Frankfurt, the European Central Bank decided to increase only by 400 million euro the loan limit from ELA.

As was noted in the meeting, the available balance on pumping liquidity of temporary liquidity mechanism ELA is approximately 3 billion euro.

However, the new loan limit of Greek banks will be reconsidered in next week’s new ECB meeting.

Bulgaria's projected deal to issue euro bonds is expected to price on 19 March, Reuters has reported.

The country "is taking indications of interest" from investors "for three potential euro bonds" with maturities of seven, twelve and twenty years, the newswire quoted an unnamed source as saying.

By Lukanyo Mnyanda

A Greek sale of short-term government securities on Wednesday demonstrates how countries that were at the forefront of Europe's debt crisis have taken very different paths.

By Lukanyo Mnyanda

A Greek short-term debt sale on Wednesday will demonstrate how countries that were at the forefront of Europe?s debt crisis have taken very different paths. Spain yesterday came close to selling bills that paid no interest.

By David Goodman & Lucy Meakin

As Morgan Stanley strategists give up on Greek sovereign bonds, there's at least one investor who says he's determined to ride out the storm.

By Ben Moshinsky

A failure to find a political solution to Greece's sovereign debt problem could trigger a market correction, Bank of England official Alex Brazier said.

BELGRADE - The dinar has not changed significantly against the euro, and the official middle exchange rate stands at RSD 120.1831, the National Bank of Serbia has stated.

The Serbian currency is 1.3 percent up on the month, and 3.5 down on the year against the single European currency.

Photo Tanjug, M. Jelesijevic (illustration)

As the President of ECB Mario Draghi stated at a conference in Frankfurt, the integration of the Eurozone member states must be accelerated.

Furthermore, according to Mario Draghi, based on several macroeconomic data that have been announced recently, the Eurozone's recovery continues to recover gradually.

The latest couple of polls of German public sentiment bode ill for support towards Greece, or to be more precise, the new radical leftist government that assumed the recession-battered country's reins in late January.