Dinar weakens for sixth day in row

This speaks volumes about the state of Serbia's Economy. At a time when Euro is actually crashing against most world currencies, the Serbian Dinar is getting hammered against the EURO.

Serbia's economy is teetering on the bring,and I would not be surprised if Serbian government is not able to pay its bills over the next 12 months. If they are smart, they will cut spending now before they no longer have that option. I have heard of cases where an Elektrosrbija pensioner gets 500 euros a month in pensions. Same think for workers. This is not the kind of money Serbia can afford, but the government will not make cuts because it knows it will loose election, hence making the situation worst. It's a viscous cycle.

I agree, the Serbian economy is a mess and the politicians are desparately avoiding harsh truths. But is it any worse than the others surrounding: Hungary, Bulgaria, and Romania? So, I am trying to figure out why the dinar seems to be particularly dumping. Are the other currencies doing as poorly? Are the other national banks spending as much?

Does anyone have insight into this? I don't believe it is just "supply and demand." The NBS has been pumping in an unbelievable amount of money and it isn't really working. Kind of scary. This is money the bank cannot afford to give up.

Any ideas anyone?

This speaks volumes about the state of Serbia's Economy. At a time when Euro is actually crashing against most world currencies, the Serbian Dinar is getting hammered against the EURO.

Serbia's economy is teetering on the bring,and I would not be surprised if Serbian government is not able to pay its bills over the next 12 months. If they are smart, they will cut spending now before they no longer have that option. I have heard of cases where an Elektrosrbija pensioner gets 500 euros a month in pensions. Same think for workers. This is not the kind of money Serbia can afford, but the government will not make cuts because it knows it will loose election, hence making the situation worst. It's a viscous cycle.

I agree, the Serbian economy is a mess and the politicians are desparately avoiding harsh truths. But is it any worse than the others surrounding: Hungary, Bulgaria, and Romania? So, I am trying to figure out why the dinar seems to be particularly dumping. Are the other currencies doing as poorly? Are the other national banks spending as much?

Does anyone have insight into this? I don't believe it is just "supply and demand." The NBS has been pumping in an unbelievable amount of money and it isn't really working. Kind of scary. This is money the bank cannot afford to give up.

Any ideas anyone?