Serbian central bank marks Governor’s eight year in office

NEWS 06.08.202014:14
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The National Bank of Serbia (NBS) issued a statement to mark Jorgovanka Tabakovic’s eighth anniversary as NBS Governor saying that it had achieved its goals under the law – full financial and price stability.

“The NBS was a guarantee of stability, a responsible regulator and innovator. We brought inflation down from double digits to a level comparable with European countries and then maintained it at a low level, preserving the real value of earnings. The Dinar is relatively stable against the Euro which provides certainty for both the economy and the public,” Tabakovic is quoted as saying.  

She added that hard currency reserves are at a record high level as are savings in Dinars. The statement said that the hard currency reserves stood at around 14 billion Euro at the end of June having increased by 3.8 billion over the past eight years. “We reduced non-performing loans drastically … and secured higher quality financial services for the public and the economy,” she said, adding that a good investment environment had been created by the economic policies implemented over the previous eight years.  

Tabakovic said that the NBS will not change its priorities.