PM: Serbian currency now stable

Prime Minister Mirko Cvetković said on Monday that a stable Serbian dinar (RSD) exchange rate has been established.

Izvor: Tanjug

Monday, 20.09.2010.

17:05

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Prime Minister Mirko Cvetkovic said on Monday that a stable Serbian dinar (RSD) exchange rate has been established. Speaking in the town of Sabac, he told reporters that this development is expected to have effective long-run correlation with the difference between the inflation rates in Serbia and the eurozone. PM: Serbian currency now stable “This is a long-term trend and short-term fluctuations are possible, but the NBS (National Bank of Serbia) will intervene,” Cvetkovic said. The premier added that Serbia has achieved stability, as evidenced by the growth in exports and imports and in domestic demand, which means that the purchasing power in the country is recovering, which is an expected development in post-recession periods. Mirko Cvetkovic (Tanjug, file)

PM: Serbian currency now stable

“This is a long-term trend and short-term fluctuations are possible, but the NBS (National Bank of Serbia) will intervene,” Cvetković said.

The premier added that Serbia has achieved stability, as evidenced by the growth in exports and imports and in domestic demand, which means that the purchasing power in the country is recovering, which is an expected development in post-recession periods.

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