PKS meets with business community

The Board of the Serbian Chamber of Commerce (PKS) held a session in Belgrade on Thursday.

Izvor: Tanjug

Friday, 22.01.2010.

09:52

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The Board of the Serbian Chamber of Commerce (PKS) held a session in Belgrade on Thursday. It was attended by members of the Business Council and representatives of all economic sectors and banks, and discussed the monetary and foreign exchange policies and conditions of the economy in 2010. PKS meets with business community It was assessed that the Serbian economy has been operating under extremely difficult conditions, which have grown even worse due to the economic crisis. The businesspeople gathered demanded measures for preserving a stable Serbian dinar (RSD) exchange rate ensuring the economic stability of the dinar, strengthening credit support to investments in production and stimulating exports. The economy does not support the unstable dinar exchange rate and its wide fluctuations, they said. Unstable dinar exchange rate increases risks and has psychological effects on increase in inflationary expectations, which carries a number of other negative economic effects, the business community representatives stated. In addition, the unstable exchange rate due to the dual currency system is a serious risk to the business activity, they said. They also requested a review the possibility of lowering the threshold of National Bank of Serbia interventions at the foreign exchange market, as even relatively small changes in supply and demand lead to the rate fluctuations. The PKS meeting in Belgrade (Tanjug)

PKS meets with business community

It was assessed that the Serbian economy has been operating under extremely difficult conditions, which have grown even worse due to the economic crisis.

The businesspeople gathered demanded measures for preserving a stable Serbian dinar (RSD) exchange rate ensuring the economic stability of the dinar, strengthening credit support to investments in production and stimulating exports.

The economy does not support the unstable dinar exchange rate and its wide fluctuations, they said.

Unstable dinar exchange rate increases risks and has psychological effects on increase in inflationary expectations, which carries a number of other negative economic effects, the business community representatives stated.

In addition, the unstable exchange rate due to the dual currency system is a serious risk to the business activity, they said.

They also requested a review the possibility of lowering the threshold of National Bank of Serbia interventions at the foreign exchange market, as even relatively small changes in supply and demand lead to the rate fluctuations.

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