Central bank to "strive to keep currency stable"

The National Bank of Serbia (NBS) will strive to keep the exchange rate of the Serbian dinar (RSD) "relatively stable," NBS Governor Jorgovanka Tabaković says.

Izvor: RTS

Wednesday, 13.08.2014.


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Central bank to "strive to keep currency stable"

"A major part of the economy, many Serbian citizens, as well as the state, depend on the value of the dinar and it is very significant that the NBS ensure that changes in the target inflation rate and the fluctuating exchange rate do not take place suddenly or by leaps and bounds," Tabaković told the RTS late Tuesday.

Over the past two years it has become apparent that this kind of predictability can be ensured when it comes to planning at both personal and business level, Tabaković said.

The ongoing decline of the dinar is not about instability, but the usual impacts such as purchase of fuels or payment of dividends to foreign shareholders, Tabaković said.

"Serbia is a small, open economy that is being hit by the waves of all uncertainties coming from other markets. I can guarantee that the NBS and the team that is under my leadership will do everything to ensure that there are no sudden shocks and that the dinar's exchange rate is relatively stable," Tabaković noted.

I am an advocate of a precautionary agreement with the IMF, which is the least expensive and the most worthwhile, she said.

Speaking about the measures being carried out by Prime Minister Aleksandar Vučić, Tabaković said that she, too, would recommend the same.

The NBS is doing everything "for that project to succeed," Tabaković added.

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