"Increase in demand for dinar needed"

Finance Minister Diana Dragutinović said that the government and central bank, NBS, must bring about a decrease in the level of the dinar's "euroization".

Izvor: B92

Tuesday, 02.03.2010.

10:45

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Finance Minister Diana Dragutinovic said that the government and central bank, NBS, must bring about a decrease in the level of the dinar's "euroization". She said that the government must find a way to increase demand for the Serbian dinar (RSD), which will in turn decrease oscillations in the exchange rate. "Increase in demand for dinar needed" She told daily Vecernje Novosti that this can be done by promoting a joint dinar market of state bonds in the long term, for 18 to 24 months, through the development of a market of corporate and local bonds, as well as by enabling the conversion of foreign currency debt into dinars. "In any case, we are talking about a joint responsibility between the government and National Bank of Serbia," Dragutinovic said. She added that the "exchange rate is not its own goal" and that "maybe it would not be a bad idea to open the question of what kind of exchange rate is needed for the Serbian economy and what level will support the new growth model". Diana Dragutinovic (Beta, file)

"Increase in demand for dinar needed"

She told daily Večernje Novosti that this can be done by promoting a joint dinar market of state bonds in the long term, for 18 to 24 months, through the development of a market of corporate and local bonds, as well as by enabling the conversion of foreign currency debt into dinars.

"In any case, we are talking about a joint responsibility between the government and National Bank of Serbia," Dragutinović said.

She added that the "exchange rate is not its own goal" and that "maybe it would not be a bad idea to open the question of what kind of exchange rate is needed for the Serbian economy and what level will support the new growth model".

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