RSD-EUR exchange rate sinks to 114.107

As the dinar sinks, so does the buying power of the average Serbian household that has taken out home and auto loans that are tied to the Euro, and there are many. Let's see what the president elect will do to alleviate the pain of the free falling dinar.

Ecoman,

What, exactly, do you expect the Serbian president (a largely ceremonial role, at least officially) do to about this?

Are you being sarcastic, or are you succumbing to the infantile and unfortunately common leitmotif in Serbia that some big, single, powerful daddy-force will come and kiss it all better?

Markets don't like the unknown, and the election of a politician of unknown views on the economy and the suggestion that the country may remain in limbo until September has got to have a depressive effect on the value of a country's currency. Taking weeks and weeks to argue over who gets what job may be a luxury the economy doesn't have.

What, exactly, do you expect the Serbian president (a largely ceremonial role, at least officially) do to about this?
(Danilo, 22 May 2012 15:41)

Watch out: north of Serbia Orbángutáng did a lot to wreck the currency and his minion Szartolcsi Gyurkó never runs out of ideas how to make Holnap-szar-ország out of Maszarország. Szerbia? Are you kiddin, Moldova or Kosovo can't keep up with Orbán's speed how to nose-dive the economy. Greece soon to look at them and scratch the head, yes, there is nothing impossible if the "leadership" is that dumb.

Markets don't like the unknown
(Amer, 22 May 2012 23:49)

Hmmm.... there is much more than that. For instance Orbángutáng + Matolcsy are a well-known duo of ***#$%! -s but markets like them even less than Nikolic.

Time for you to take your butt off your chair and travel to the area, Hungary is dirt-cheap for Dollar, when can you see that bonanza again? You can even buy cameras and other fancy gear cheaper than in the States. My Canon 5D Mark II was $300 less here in the store than at B&H. That tells volumes.

Thank you Orbán for my Canon 5D Mark II, my next holiday is where I just want to go and use it.

As the dinar sinks, so does the buying power of the average Serbian household that has taken out home and auto loans that are tied to the Euro, and there are many. Let's see what the president elect will do to alleviate the pain of the free falling dinar.

Ecoman,

What, exactly, do you expect the Serbian president (a largely ceremonial role, at least officially) do to about this?

Are you being sarcastic, or are you succumbing to the infantile and unfortunately common leitmotif in Serbia that some big, single, powerful daddy-force will come and kiss it all better?

Markets don't like the unknown, and the election of a politician of unknown views on the economy and the suggestion that the country may remain in limbo until September has got to have a depressive effect on the value of a country's currency. Taking weeks and weeks to argue over who gets what job may be a luxury the economy doesn't have.

What, exactly, do you expect the Serbian president (a largely ceremonial role, at least officially) do to about this?
(Danilo, 22 May 2012 15:41)

Watch out: north of Serbia Orbángutáng did a lot to wreck the currency and his minion Szartolcsi Gyurkó never runs out of ideas how to make Holnap-szar-ország out of Maszarország. Szerbia? Are you kiddin, Moldova or Kosovo can't keep up with Orbán's speed how to nose-dive the economy. Greece soon to look at them and scratch the head, yes, there is nothing impossible if the "leadership" is that dumb.

Markets don't like the unknown
(Amer, 22 May 2012 23:49)

Hmmm.... there is much more than that. For instance Orbángutáng + Matolcsy are a well-known duo of ***#$%! -s but markets like them even less than Nikolic.

Time for you to take your butt off your chair and travel to the area, Hungary is dirt-cheap for Dollar, when can you see that bonanza again? You can even buy cameras and other fancy gear cheaper than in the States. My Canon 5D Mark II was $300 less here in the store than at B&H. That tells volumes.

Thank you Orbán for my Canon 5D Mark II, my next holiday is where I just want to go and use it.