Tabakovic: Dinar, inflation and banking system are stable

BELGRADE - The banking system in Serbia is stable and the National Bank of Serbia (NBS) will do everything to keep the dinar and inflation stable as well, NBS Governor Jorgovanka Tabakovic said on Thursday.

The turbulence regarding the value of the dinar are over, she noted, adding that such turbulences had also hit the currencies of other countries in the region, but also Turkey and Poland.

The cause lies in the events on the US market, she stated.

The dinar dropped the least compared to the other currencies, because the NBS acted on time by actively participating on the interbank market and withdrawing the dinar surplus that appears on the market, she pointed out.

Seasonal events also affected the dinar's drop, since January is when the payments for the import of energy and fuel are made, she said.

The dinar was not hurt by the announcement of an early election in Serbia, Tabakovic remarked.

The NBS protects the stability of the financial market and it has sold EUR 400 million since the start of the year in order to keep the dinar stable, while it finished 2013 up by EUR 180 million, including all its active interventions, she said.

Photo Tanjug/M. Jelesijevic (archive)