In the year to May, trading volumes in the IFEM reached EUR 4,125.1 million.In May, the Serbian dinar
appreciated against the euro by 1 percent and the NBS intervened in the IFEM by purchasing EUR 10 million to mitigate the excessive daily volatility of the exchange rate, whereas at the end of the month it sold EUR 35 million.
Profits were also hit by the depreciation of the Serbian dinar
and by an increase of VAT in Croatia."The competition in the region is getting tougher which is reducing our profit margins," Mercator's chief executive Toni Balazic told reporters at a news conference, Reuters reported.Mercator is also still struggling with ownership issues, which symbolizes the problems that the country's companies are having as investors avoid the one-time darling of the new EU members states, but whose statism is now seen as a big part of the problem.
War and sanctions in the early 1990s hit Montenegro hard, and recovery only really began after the end of the Kosovo crisis in 1999 and the adoption of the deutschmark (DM) in November 1999, which largely disconnected Montenegro's economy from Serbia and the Serbian dinar
Stylish restaurants serve up diverse menus that Gordon Ramsay would be proud of - and with the generous exchange rate of the Serbian dinar
, they're a bargain.
From a strategy perspective, we like the Serbian dinar
. We strongly believe that elevated policy rate lending very good carry to the RSD, combined with a potential IMF deal will support the dinar this year.
And while we could certainly change Hungarian forints to Serbian dinars
to Bulgarian lev to Romanian leu and so on, we would lose out with each conversion, and we were advised to try and purchase only as much of the local currency as we would need in each country.
He sold photos he had taken and 20 scanned copies of his drawings to raise 34,000 Serbian dinars
(about $335) for a boy from Belgrade, Nemanja Damcevic, who was recovering after having surgery to remove a brain tumour.
Marfin's market share in Serbia is 1 per cent and was known for offering attractive interest rates to depositors and its capital currently amounts at 2.8billion Serbian dinars
(e1/423m), according to the Serbian news-site.
The first call for public bidding was held in September last year at an initial price of 396 million Serbian dinars
With tickets priced at a modest 150 Serbian dinars
(about 2 Canadian dollars), Cinema City is one of the world's more accessible film festivals.