currency market

Serbia Extends Euro Cash Settlement Period Amid Higher Retail Demand

Serbia’s central bank has extended the period available to exchange offices for returning foreign cash to commercial banks, giving operators more flexibility as household demand for euros increases. The National Bank of Serbia (NBS) has doubled the permitted period from 15 to 30 days for authorised exchange offices and the public postal operator to return foreign currency purchased from banks. The temporary measure gives operators additional time to manage their euro inventories. Exchange offices sold approximately €571.6 million to customers,…