At yesterday’s regular quarterly foreign exchange swap auctions, the National Bank of Serbia sold 56 million euros and bought 25 million euros, at so-called fixed swap points instead of variable multiple swap points as before.
By changing the principle of realization at foreign exchange swap auctions, according to which swap purchases and swaps are no longer identical in realized amount, the National Bank of Serbia enables banks to obtain the required amount of dinar and foreign currency liquidity at favorable interest rates – from 0.85 percent for dinars funds and zero percent for euro funds, NBS announced on its website.
In addition to regular quarterly foreign currency swap auctions, a repurchase of dinar government securities was organized yesterday, which provided NBS banks with 8.3 million euros for seven days, at a favorable interest rate of 0.75 percent, equal to the interest rate on deposit reliefs and is the lowest interest rate in the National Bank of Serbia interest rate corridor, Dnevnik reports.
