Serbian currency hits all-time low against euro

All political parties are corrupt. They all make promises they never keep and tell you everything will be great again, but once elected into office they only help themselves. People need to care about their country, ne samo na sebe! When Yugoslavia was dismantled the entire region became corrupt, not just politically but socially also. We need to become united once again, to care for humanity our fellow people and our country. And shame on the Orthodox church and the priest who do nothing for the poor, they live the best and do the least. One day they will stand before God with their fat bellies and breath reeking of alcohol and he will say how did you help those who were hungry, without wood for warmth, clean water to drink.

These are all consequences of inability of current government.

All this happens because the DS is in the government.That is why Serbia needs changes.6th May the people of Serbia, will have the opportunity to change their government,and finally to move into a better future!

I would like to hear what our resident economist, sj, from Malaysia has to say about the further weakening of the Serbian dinar. I'm afraid the political opponents of Tadic are even more incompetent than he. Hence, Serbia is about to go from the frying pan and into the fire if the moronic Nikolic or Kostunica win. So my dear friend, sj, please share your usual words of wisdom of why the dinar hit an all time low today. All this translates into another win for Kosova. BTW, we are still waiting for evidence to be revealed concerning the trumped up charges of organ theft.

I was in Serbia last year to visit family. If I am correct I beleive the average salary pre person is said to be about 500 dollars a month. If you look at real estate a average flat is close to 70-100 thousand dollars, an average home 70+ thousand dollars. The economics do not make sense. The most disturbing was when a saw a Nun driving a new Mercedes Benz. There is a huge seperation between the wealthy and poor.

Personally I don't think a strong dinar is going to benefit Serbia. The currency should have been devalued at the beginning of the economic crisis but the government was keeping it artificially strong. This only helps importers and not exporters (ie, the EU and not Serbia).

Zoran - I agree that Serbia missed a chance to devalue, but it was not only importers who would have been hurt. What about all those people who had loans and mortgages in euros? And how much would imports of milk and everything else have gone up? There would have been real pain, with no guarantee that the measure would substantially increase exports. Serbia had the worst of both worlds - it was voluntarily tied to the euro without having the chance of support for the economy from the EU that Greece for example is getting.

Now the Central Bank is doing what it can to prevent a panicked selling off of the dinar and betting that as the financial situation improves, and the dinar begins to rise, it can buy back the euros it's now selling with stronger dinars. There's nothing much it can do on its own to strengthen the dinar, that depends on the strength of the economy, and if you have a quick way to fix economies, don't be shy, speak up, and the entire world will listen.

I would like to hear what our resident economist, sj, from Malaysia has to say about the further weakening of the Serbian dinar. I'm afraid the political opponents of Tadic are even more incompetent than he. Hence, Serbia is about to go from the frying pan and into the fire if the moronic Nikolic or Kostunica win. So my dear friend, sj, please share your usual words of wisdom of why the dinar hit an all time low today. All this translates into another win for Kosova. BTW, we are still waiting for evidence to be revealed concerning the trumped up charges of organ theft.

All this happens because the DS is in the government.That is why Serbia needs changes.6th May the people of Serbia, will have the opportunity to change their government,and finally to move into a better future!

These are all consequences of inability of current government.

Personally I don't think a strong dinar is going to benefit Serbia. The currency should have been devalued at the beginning of the economic crisis but the government was keeping it artificially strong. This only helps importers and not exporters (ie, the EU and not Serbia).

All political parties are corrupt. They all make promises they never keep and tell you everything will be great again, but once elected into office they only help themselves. People need to care about their country, ne samo na sebe! When Yugoslavia was dismantled the entire region became corrupt, not just politically but socially also. We need to become united once again, to care for humanity our fellow people and our country. And shame on the Orthodox church and the priest who do nothing for the poor, they live the best and do the least. One day they will stand before God with their fat bellies and breath reeking of alcohol and he will say how did you help those who were hungry, without wood for warmth, clean water to drink.

I was in Serbia last year to visit family. If I am correct I beleive the average salary pre person is said to be about 500 dollars a month. If you look at real estate a average flat is close to 70-100 thousand dollars, an average home 70+ thousand dollars. The economics do not make sense. The most disturbing was when a saw a Nun driving a new Mercedes Benz. There is a huge seperation between the wealthy and poor.

Zoran - I agree that Serbia missed a chance to devalue, but it was not only importers who would have been hurt. What about all those people who had loans and mortgages in euros? And how much would imports of milk and everything else have gone up? There would have been real pain, with no guarantee that the measure would substantially increase exports. Serbia had the worst of both worlds - it was voluntarily tied to the euro without having the chance of support for the economy from the EU that Greece for example is getting.

Now the Central Bank is doing what it can to prevent a panicked selling off of the dinar and betting that as the financial situation improves, and the dinar begins to rise, it can buy back the euros it's now selling with stronger dinars. There's nothing much it can do on its own to strengthen the dinar, that depends on the strength of the economy, and if you have a quick way to fix economies, don't be shy, speak up, and the entire world will listen.