Yugo cenbank plans managed float for dinar in 2001

Yugoslavia's central bank said on Wednesday it was planning to abandon its rigid fixed exchange rate policy in 2001 and move to a managed float for the dinar.

Until year end, the dinar will remain fixed but as of January 1 the exchange rate regime will become more flexible, the bank said.

"We are very seriously preparing to introduce a managed float as of January 1. The dinar is planned to float within a very narrow band," central bank governor Mladjan Dinkic told a meeting of Yugoslav bankers.