Serbian central bank says Dinar savings at record high

NEWS 04.08.2021 14:44
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The National Bank of Serbia (NBS) said on Wednesday that savings in Dinars were in excess of 100 billion.

A press release said that the continued growth of Dinar and hard currency savings is the result of the preserved macro-economic stability. “The trust of the public in the domestic currency resulted in the quicker growth of savings in Dinars compared to hard currency for the 9th year in a row,” it said. According to NBS data, Dinar savings have increased six times (a growth of 81 billion Dinars) over the past nine years, reacing 99 billion in the first half of this year.

It said that the growth was intensive over the past three years when those savings rose by more than 45 billion Dinars. Hard currency savings also registered growth over that period but more moderate than in Dinars, from eight billion Euro at the end of June 2012 to 12 billion at the end of June 2021.

The NBS press release said that hard currency reserves were at the level of 14 billion Euro and NPLs have dropped to the level of 3.7 percent.