C. bank "will not allow exchange rate manipulations"

MT. KOPAONIK NBS Governor Jogovanka Tabakovic says he central bank's goal is not a fixed exchange rate, but it will not allow manipulations with the exchange rate. "Our goals is not a fixed exchange rate and we are not trying to keep it at RSD 111 or 112, but we will not let someone make a profit on fluctuations in a shallow market," Tabakovic said at a panel dedicated to exchange rate policy and reindustrialization at the Kopaonik Business Forum. C. bank "will not allow exchange rate manipulations" Responding to a economist Miroljub Labus's claim that the exchange rate was too low, Tabakovic said the NBS must do its job and prevent manipulations. Labus had said the Serbian dinar (RSD) has been overvalued since 2006, "more so in the past two months". "Macroeconomic and financial stability are a prerequisite for strengthening the competitiveness of the Serbian economy, which is a prerequisite for export," said the governor, calling on everyone present to try to disprove her claim that exchange rate manipulations which have been happening for the past decade can solve structural problems in the country. The governor said the NBS must keep inflation under control and be careful about dosing liquidity and money flow. She also noted that the central bank's task is to keep inflation inside the target range of four plus or minus 1.5 percent, using least costly measures. The NBS aims to assist the government in realizing its goals, and monetary policy and its consequences should always be viewed in a broader context, she said. (Tanjug) Tanjug

C. bank "will not allow exchange rate manipulations"

Responding to a economist Miroljub Labus's claim that the exchange rate was too low, Tabaković said the NBS must do its job and prevent manipulations.

Labus had said the Serbian dinar (RSD) has been overvalued since 2006, "more so in the past two months".

"Macroeconomic and financial stability are a prerequisite for strengthening the competitiveness of the Serbian economy, which is a prerequisite for export," said the governor, calling on everyone present to try to disprove her claim that exchange rate manipulations which have been happening for the past decade can solve structural problems in the country.

The governor said the NBS must keep inflation under control and be careful about dosing liquidity and money flow.

She also noted that the central bank's task is to keep inflation inside the target range of four plus or minus 1.5 percent, using least costly measures.

The NBS aims to assist the government in realizing its goals, and monetary policy and its consequences should always be viewed in a broader context, she said.