"Greek referendum had no major effect on Serbian currency"

The referendum and other events related to the Greek debt crisis did not have any major effects on the trends in the local foreign exchange market.

Izvor: Tanjug

Tuesday, 07.07.2015.

11:55

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"Greek referendum had no major effect on Serbian currency"

After the results of the Greek referendum were made public, the euro fell against most major global currencies on the international financial markets, but after the initial decline, the European single currency partly regained ground in Monday's morning trade.

Considering that Serbia's foreign trade focuses on the eurozone economies, major changes to the exchange rate of the euro against other major global currencies have a relatively small impact on the local forex trends, the NBS points out.

"The NBS is closely monitoring the four Greek-owned banks operating in Serbia, particularly in terms of their liquidity and transactions with parent banking groups. So far, the banks have not shown any liquidity problems, and their liquidity indicators even exceed the one of the Serbian banking sector. No capital outflow to parent groups was reported, nor a more significant outflow of savings deposits," the Tanjug source said.

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