NBS to use set of measures to maintain dinar stability

BELGRADE - Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic stated on Sunday that NBS is investing efforts to ensure stability of the dinar and added that the central bank is using a set of measures to minimise the drop of the national currency.

Compared to some other, stronger countries such as Turkey and Romania where national currencies are low, the Serbian dinar recoded the lowest drop against the euro, Tabakovic told the Belgrade-based Television Pink.

She noted that the rate of the dinar against the euro depends on the economy health, which is why NBS cannot impact it directly.

NBS is using a set of measures to minimise the drop of the dinar through the key policy rate and activities in the inter-bank foreign currency market aimed at prevention of excessive oscillation of the exchange rate, she said.

She stated that the agreement with the International Monetary Fund bears exceptional importance for Serbia and underscored that the agreement should be achieved immediately after New Year.