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BELGRADE – The National Bank of Serbia's Executive adopted two decisions today which limit the range of dollar exchange rates towards the euro in exchange offices to more / less 1.25 per cent in relation to the central official exchange rate & That's valid for that day.

As published by the NBS, this is a decision on amendments to the Determination of conditions and method of operation of the foreign exchange market and the Resolution on amendments and appendices to the Resolution on the conditions and method of carry out exchange transactions. The decisions that are said will apply from January 1, 2019.

photo: Nebojša Mandić

"These decisions limit the lowest purchase rate, that is, the highest selling rate that authorized exchangers and the public mail operator can apply when buying or selling effective foreign currency – euro, and / min. 1.25 per cent in respect of the euro official dollar that is valid on that day, "said statement.

This means that, in the exchange rate list of the authorized exchange operator and public mail operator, the euro purchase price can not be lower than the average official exchange rate of the euro against the euro and # 39; will be valid on that day by more than 1.25%, ie the sales rate can not be higher than the valid official exchange rate that valid on that day by more than 1.25 per cent.

picture: Reuters

"The restriction aims to influence cases where, due to the lack of market competition, there are more beaches in the exchange rate or buying authorized rates compared to most courses of other exchange rates apply on that day, "said central bank.

Usually they record such differences on specific specific exchange offices (eg airport, gas stations, shopping centers, etc.), where the lack of competition allows authorized exchanges to qualify substantially when buying effective foreign currency – the euro is significantly lower Effective foreign currency sales – the euro is a much higher rate than normal courses that are used on the day that by authorized exchanges in other exchange offices, where there is competition in the market.

photo: AP

In making these decisions, the NBS considered data that indicates that the highest percentage of authorized exchange offices when buying or selling effective foreign currency – the euro is relevant to buying, ie sales rates in the A range of plus / minus 1.25% in relation to the official average exchange rate of the euro against the euro for that day.

Therefore, this restriction will not affect the operation of the largest number of authorized exchanges, or the public postal operator's exchanges, they say by the NBS.

The decisions that are said will apply from January 1, 2019.

(Kurir.rs/Tanjug/Foto: Marina Lopičić)

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