Governor: Sufficient reserves, dinar is stable, investors are not leaving…

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Photo: BIZLife

The banking sector in Serbia is stable, liquid and in good condition, said Governor of the National Bank of Serbia (NBS), Jorgovanka Tabakovic. “The NBS is maintaining a stable exchange rate and it has sufficient foreign exchange reserves, but it is also necessary for banks to show responsibility and understand that without citizens, businesses and clients, they do not exist,” the governor told the Novosti daily. She announced that, within the NBS’s responsible policy, besides the moratorium on the repayment of various loans, a number of measures are being prepared to help retail clients and businesses. Most importantly, citizens need to know that, unlike other countries, even in times of crisis, Serbia is not facing the weakening of the currency, Tabakovic said. According to her, Serbia is not exposed to the investors leaving, as they “trust people and institutions in our country – the president, the NBS and the Government”. This will enable the impact of the crisis on our economy to be milder and last as short as possible. Investors also believe in this, they invest in RSD government bonds, so they are not leaving our country, Tabakovic emphasized. Asked if we would have enough strength to lift the economy when all this was over, she replied that everything that had been built in previous years was a “guarantee of a speedy recovery”.

Source: N1, FoNet

Photo: BIZLife