Central bank advises citizens to opt for saving in dinars
BELGRADE -- Jorgovanka Tabakovic says the Serbian dinar (RSD) is now stronger, but that the central bank's task is to prevent major volatility of the exchange rate.
“The dinar has strengthened, but it is our task to prevent too big oscillations in both directions, and we use all measures at our disposal to ensure that, including interventions in the interbank forex market,” the governor of the National Bank of Serbia (NBS) told the daily Nase Novine.
Since the beginning of the year, the NBS sold EUR 90 million and bought EUR 380 million, the governor noted.
“Although we are not targeting any specific numeric value of the exchange rate, the reasons behind the oscillations are such that the NBS cannot be a passive onlooker," Tabakovic observed.
According to her, the central bank "has the obligation to look at the big picture, strive to ensure a low inflation rate, financial stability, and with its work and statements contribute to the system's overall stability."
Asked about the dissatisfaction with the bank's measures expressed by associations formed by citizens who took out loans indexed in Swiss francs, the governor said that "there are also satisfied citizens and associations who support NBS' measures and solutions - but they are not being reported about."
"Many would find nothing short of debt write-offs helpful. We have done the maximum under the present circumstances," Tabakovic said.
Asked whether she would advise citizens to save in euros or in dinars, Tabakovic said the NBS has done "everything" in order to make the domestic currency savings the first choice.
"Low inflation and stable inflationary expectations speak in favor of that. But any decision must be personal. Our job is to provide all the information necessary for this decision," she said.
Wednesday 15.04.2015 | 09:13 | Source: Tanjug | Comments: (0) | Send comment
WASHINGTON -- According to latest IMF projections, 2015 will be another recession year for Serbia, with negative growth of -0.5 percent.
Tuesday 14.04.2015 | 14:54 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- National Bank of Serbia's foreign currency reserves totaled around EUR 10.51 billion at the end of March, the central bank announced on Tuesday.
Friday 10.04.2015 | 10:56 | Source: Beta | Comments: (0) | Send comment
BELGRADE -- Political instability, the tax system and access to financing represent the biggest challenges to doing business in Serbia.
Thursday 9.04.2015 | 15:43 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to cut the key policy rate by 0.5 percentage points to seven percent.
Tuesday 7.04.2015 | 10:14 | Source: Beta, Tanjug | Comments: (0) | Send comment
BELGRADE -- The deadlines for privatizing companies that are under restructuring will not be extended, Minister of Economy Zeljko Sertic said on Monday.
Monday 6.04.2015 | 11:50 | Source: Politika, Tanjug | Comments: (0) | Send comment
BELGRADE -- Instead of having a RSD 55bn budget deficit in the first quarter, as agreed with the IMF, "we have a deficit that totals only 21.5bn," says Aleksandar Vucic.
Friday 3.04.2015 | 14:55 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Property Directorate of the Republic of Serbia will organize another round of sale of state-owned passenger vehicles on April 9.
Tuesday 31.03.2015 | 16:35 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia has no major exporter except Fiat Automobiles Serbia (FAS), Business Info Group said, noting only this company's exports exceed EUR 1 billion annually.
Tuesday 31.03.2015 | 16:07 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- Without more exports Serbia cannot avoid bankruptcy, says Nikola Pavicic, adding that country needs "a new economic policy that backs export-bound production."
Monday 30.03.2015 | 16:56 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- The number of Chinese nationals in Serbia has halved in comparison to 2014, President of the Association of Chinese Businessmen in Serbia Guo Xiao has said.
Monday 30.03.2015 | 09:27 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The general government deficit will probably amount to RSD 25-30bn in the first quarter of 2015 considering the surplus of RSD 4.6bn in the first two months.
Friday 27.03.2015 | 09:41 | Source: B92, Tanjug | Comments: (0) | Send comment
BELGRADE -- The EU is willing to earmark considerable funds so as to assist Serbia in establishing a gas interconnection with Bulgaria.
Thursday 26.03.2015 | 17:07 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The first draft law on public sector salaries is ready, and it proposes 60 pay categories, Kori Udovicki said on Thursday.
Thursday 26.03.2015 | 15:55 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbian Prime Minister Aleksandar Vucic stated in Belgrade on Thursday there is a possibility that salaries and pensions will go up in 2015.