Serbian currency hits new all-time low

Michael Thomas the problem is that the dinar has been overvalued for some time. If your theory on short selling is correct then its a wonder the currency has kept this strong for so long. On the other hand the National Bank's interventions would be completely ineffective against the type of short selling you are talking about. Thus far the interventions have had a limited impact, but an impact nonetheless.

What we are seeing at the moment is political. The NBS is less inclined to intervene as there is no political 'guidance' and if the currency drops no government will have to take the blame. In a way its a good opportunity for all interested parties to wash their hands of responsibility and let the currency drop. When the new government comes is established it will make stronger efforts to maintain stability of the currency.

There is also the trade balance and exports to consider. It might not be a bad thing for the dinar to lose a little more in value in the short term at least.

The Dinar is not falling because of “Supply and Demand” problems. The Serbian currency is falling because the Serbian government has allowed it to become the play-thing of Western banks and financiers like George Soros.

If I hold Dinars and am worried about the future prospects of Serbia, I might sell those Dinars (this really means swap them) for another currency.

The problem arising when we allow banks and Soros to play this game. Whereas I was selling my Dinars (money I actually have in a bank account), Western banks and Soros can sell Dinars without owning any. This fraud is called “Selling Short.” Banks and Soros can sell trillions of Dinars that they don’t own. By doing this they push down the value of the Dinar and then buy back the Dinars they sold Short to close their position.

The National Bank of Serbia should forbid the Short Selling of the Dinar. If they did this then the value of the currency would depend on people who actually held the currency. 99% of Dinars are held by Serbs who need them for their day-to-day lives and they will probably not rush to sell them and buy Euros or Dollars.

A ban on Short Selling would bring stability to the Dinar.

By the way, Short Selling is allowed everywhere in the West and we are all victims of the same banks and financiers.

Bganon. The National Bank of Serbia is like all the “National” banks in the West, it is “independent” of the National government. It is stated objective is to act in the best interest of the currency and not the nation.

The Dinar has been supported by the NBS since the DOS regime took control of Serbia. The NBS has borrowed billions of Euros only to sell them to support the Dinar. Serbian debt has ballooned and the NBS’ ability to borrow more Euros is reducing.

When they are ready, the Western banks and Soros will cut off new loans to the NBS and sell Dinars Short. They will sell hundreds of billions, maybe even trillions of Dinars. The NBS are not permitted to sell the Euro Short, which means the Dinar is doomed. Peoples’ savings will be wiped out, the economy will be in ruins and Soros and Co will come in and grab anything worth taking.

This can be prevented. The NBS should be transformed into a truly national bank and work in the interest of the Serbian people. It should ban Short Selling and fix the Dinar on a purchasing parity basis. This means that if a basket of goods costs 100 Euros in the West, and 10,000 Dinars in Serbia, then the exchange rate should be 100 Din / 1 Euro. This fixed rate can change (if that doesn’t sound to contradictory). If the 100 Euro basket of goods now costs 20,000 Din, then the new fixed rate would be 200 Din / 1 Euro.

Under this system, the exchange rate defines currency in terms of what it can buy, and does not serve as tool for Soros and his friends to extract wealth from the Serbian people.

I have solved Serbia's currency woes it looks like just bunch of cheap colourful paper just by putting a 100 or 10,000 on it dose not make it so. It is a psychosis induced illusion on the masses as having some tangible value by delusional governments it is a very vicious cycle only the smart thinking ones can escape. Bganon buy Silver and gold before the world wakes up from the illusion of colourful paper "money" as having value. The masses of the duped will be shocked in to reality but really it will be much to late.

Bganon. The National Bank of Serbia is like all the “National” banks in the West, it is “independent” of the National government. It is stated objective is to act in the best interest of the currency and not the nation.

The Dinar has been supported by the NBS since the DOS regime took control of Serbia. The NBS has borrowed billions of Euros only to sell them to support the Dinar. Serbian debt has ballooned and the NBS’ ability to borrow more Euros is reducing.

When they are ready, the Western banks and Soros will cut off new loans to the NBS and sell Dinars Short. They will sell hundreds of billions, maybe even trillions of Dinars. The NBS are not permitted to sell the Euro Short, which means the Dinar is doomed. Peoples’ savings will be wiped out, the economy will be in ruins and Soros and Co will come in and grab anything worth taking.

This can be prevented. The NBS should be transformed into a truly national bank and work in the interest of the Serbian people. It should ban Short Selling and fix the Dinar on a purchasing parity basis. This means that if a basket of goods costs 100 Euros in the West, and 10,000 Dinars in Serbia, then the exchange rate should be 100 Din / 1 Euro. This fixed rate can change (if that doesn’t sound to contradictory). If the 100 Euro basket of goods now costs 20,000 Din, then the new fixed rate would be 200 Din / 1 Euro.

Under this system, the exchange rate defines currency in terms of what it can buy, and does not serve as tool for Soros and his friends to extract wealth from the Serbian people.

The Dinar is not falling because of “Supply and Demand” problems. The Serbian currency is falling because the Serbian government has allowed it to become the play-thing of Western banks and financiers like George Soros.

If I hold Dinars and am worried about the future prospects of Serbia, I might sell those Dinars (this really means swap them) for another currency.

The problem arising when we allow banks and Soros to play this game. Whereas I was selling my Dinars (money I actually have in a bank account), Western banks and Soros can sell Dinars without owning any. This fraud is called “Selling Short.” Banks and Soros can sell trillions of Dinars that they don’t own. By doing this they push down the value of the Dinar and then buy back the Dinars they sold Short to close their position.

The National Bank of Serbia should forbid the Short Selling of the Dinar. If they did this then the value of the currency would depend on people who actually held the currency. 99% of Dinars are held by Serbs who need them for their day-to-day lives and they will probably not rush to sell them and buy Euros or Dollars.

A ban on Short Selling would bring stability to the Dinar.

By the way, Short Selling is allowed everywhere in the West and we are all victims of the same banks and financiers.

Michael Thomas the problem is that the dinar has been overvalued for some time. If your theory on short selling is correct then its a wonder the currency has kept this strong for so long. On the other hand the National Bank's interventions would be completely ineffective against the type of short selling you are talking about. Thus far the interventions have had a limited impact, but an impact nonetheless.

What we are seeing at the moment is political. The NBS is less inclined to intervene as there is no political 'guidance' and if the currency drops no government will have to take the blame. In a way its a good opportunity for all interested parties to wash their hands of responsibility and let the currency drop. When the new government comes is established it will make stronger efforts to maintain stability of the currency.

There is also the trade balance and exports to consider. It might not be a bad thing for the dinar to lose a little more in value in the short term at least.

I have solved Serbia's currency woes it looks like just bunch of cheap colourful paper just by putting a 100 or 10,000 on it dose not make it so. It is a psychosis induced illusion on the masses as having some tangible value by delusional governments it is a very vicious cycle only the smart thinking ones can escape. Bganon buy Silver and gold before the world wakes up from the illusion of colourful paper "money" as having value. The masses of the duped will be shocked in to reality but really it will be much to late.