October 21 (SeeNews) - In SeeNews story "Serbia's c-bank buys 15 mln euro to stem dinar gains" dated October 21 please read in the headline "Serbia's c-bank sells 15 mln euro to prop up dinar". Please, also read in the first paragraph "Serbia's central bank said it sold 15 million euro ($16.7 million) to commercial banks on Friday to support the dinar currency.", instead of "Serbia's central bank said it bought 15 million euro ($16.7 million) from commercial banks on Friday to limit gains of the local dinar currency."
A corrected version follows:
Serbia's central bank said it sold 15 million euro ($16.7 million) to commercial banks on Friday to support the dinar currency.
The official exchange rate for Monday was set at 117.6300 dinars per euro, the central bank said in a statement after the intervention that aimed to alleviate the excessive volatility of the dinar exchange rate.
NBS is implementing a managed float exchange rate regime based on supply and demand to preserve price and financial stability and to maintain an adequate level of foreign exchange reserves.
(1 euro = 117.628 dinars)