Central Serbia intervened in the foreign exchange market on Wednesday to set new dinar as the currency lost 1% against the euro to a new historic success against the single currency, said the distributor.

“So far we have seen at least five rounds of intervention,” said one trader. “The result of the intervention was wrong.”

After breaking through the far-reaching psychological level by 90 euros, dinars on Tuesday to continue the exchanges are as low as 92,351 on Wednesday, before returning on a dinar against the euro.

“We have no precise figures on the intervention, but we appreciate most is between 30 and 50 million euros,” said another dealer.

The currency in the Balkans, the country is heavily dependent on foreign exports, but with a large trade deficit was as much as 22% since its peak in August.

Although the Governor of the Central Bank, he said last week expects the dinar to win the force, some experts predict stability at around 100 dinars to the euro.

“In times of political instability, there are elections in May, monetary policy was the value of the dinar for the financing,” said Vladimr Gligorov, an economist at the Institute for International Economic Studies in Vienna.

“Now is the dinar is 90 and it is 100, is the price for the past monetary policy.”

The Central Bank of Serbia has regularly in recent months and spent 646 million euros since the beginning of October to Tuesday in order to support the currency and maintain liquidity.

Central Serbia intervened in the foreign exchange market on Wednesday to set new dinar as the currency lost 1% against the euro to a new historic success against the single currency, said the distributor.

“So far we have seen at least five rounds of intervention,” said one trader. “The result of the intervention was wrong.”

After breaking through the far-reaching psychological level by 90 euros on Tuesday to continue dinars trade is as low as 92,351 on Wednesday before returning on a dinar against the euro.

“We have no precise figures on the intervention, but we appreciate most is between 30 and 50 million euros,” said another dealer.

The currency in the Balkans, the country is heavily dependent on foreign exports, but with a large deficit was as much as 22% since its peak in August.

Although the Governor of the Central Bank, he said last week expects the dinar to win the force, some experts predict stability around 100 dinars to the euro.

“In times of political instability, there are elections in May, monetary policy was the value of the dinar, for the financing,” said Vladimr Gligorov, an economist at the Institute for International Economic Studies in Vienna.

“Now it’s dinar is 90 and is 100, the price for the past monetary policy.”

The Central Bank of Serbia has regularly in recent months and spent 646 million euros since the beginning of October to Tuesday in order to support the currency and maintaining liquidity.