The Serbian dinar (RSD) weakened against the euro on Monday by 39 paras. This set the official middle exchange rate at RSD 104.6051 for one euro, announced the National Bank of Serbia (NBS).
Posts Tagged ‘national bank of serbia’
“Growth in 2011 to reach 3 percent”
January 20th, 2011 |
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Serbia is expected to achieve around three percent of GDP growth in 2011 on the basis of local demand recovery, primarily in the area of investments. This is according to Governor of the National Bank of Serbia (NBS) Dejan Šoškić, who spoke in Belgrade on Wednesday.
Inflation “to stay high” in coming months
January 19th, 2011 |
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National Bank of Serbia (NBS) Governor Dejan Šoškić said on Wednesday that the inflation rate in Serbia will stay high in the next few months. At a news conference, Šoškić specified that year-to-year inflation should continue to grow in the first quarter, stay high in the second, and significantly drop in the second half of the year.
Data out on central bank reserve, public debt
January 18th, 2011 |
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The National Bank of Serbia (NBS) foreign exchange reserve increased by EUR 340.5mn in December to reach EUR 10bn at the end of 2010. The net reserve, which is the total reserve minus the required reserve for the banks and the funds received from the International Monetary Fund, stood at EUR 5.1 billion on December 31.
Serbian dinar strongest this year
January 17th, 2011 |
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The Serbian dinar (RSD) has been strengthening against the euro (EUR) for six consecutive days. On Monday, the domestic currency gained 0.08 percent, thus setting the middle exchange rate at RSD 104.9101, the National Bank of Serbia (NBS) said.
Currency to make slight recovery
January 7th, 2011 |
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The Serbian dinar will on Monday, January 10, strengthen against the euro by 11 paras, or by 0.1 percent. The official middle exchange rate after the holidays will be RSD 106.3839 per euro, the National Bank of Serbia (NBS) said on Thursday.
C. bank: Q3 recovery faster than expected
January 6th, 2011 |
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The third quarter of 2010 saw economic activity recover faster than expected, the National Bank of Serbia (NBS) said. The central bank underlined that GDP increased by 2.7 percent according to the year-to-year data.
Serbian dinar loses more ground
January 4th, 2011 |
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The Serbian dinar (RSD) lost 0.49 percent of its value against the euro on Monday, with the official middle exchange rate at RSD 106.0156. The National Bank of Serbia (NBS) announced that on December 31, it sold EUR 40mn at the interbank foreign exchange market.
C. bank announces exchange rate
January 1st, 2011 |
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The Serbian dinar will lose 51 paras in value against the euro in the first few days of 2011. The official middle exchange rate will be RSD 106.0156 for one euro as of January 4, the National Bank of Serbia (NBS) stated.
NBS governor predicts stability
December 31st, 2010 |
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National Bank of Serbia (NBS) Governor Dejan Šoškić says that a period of stability is coming and that inflation speculators will not do well next year.
He told daily Politika that it was important to fully implement the Budget System Law and reach agreement regarding the rise of government controlled prices.
Serbian currency loses more value
December 21st, 2010 |
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The Serbian dinar lost 94 paras of its value gainst the euro on Tuesday. The official middle exchange rate is now RSD 106,5390 for one euroe, announced the National Bank of Serbia (NBS).
“Macroeconomic stability in 2011â€
December 18th, 2010 |
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National Bank of Serbia (NBS) Governor Dejan Šoškić stated on Friday that he expected macroeconomic stability in the coming year or even longer.
“This will be reflected in the stability of prices and exchange rate,†he stressed.
Serbian currency in week of recovery
December 17th, 2010 |
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The Serbian dinar (RSD) will continue to rise against euro on Friday for the seventh day in a row. The home currency will strengthen by 0.48 percent, thus setting the official middle exchange rate at RSD 104.3355, the National Bank of Serbia (NBS) stated in a release.
Irregularities in 2009 budget spending
December 17th, 2010 |
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The State Auditing Institution (DRI) has found numerous irregularities in the spending of the 2009 budget and even violations of the law in some cases. An inspection of the final budget balance for 2009 included around 70 percent of budget expenditures and looked into the spending of seven ministries, the Treasury Administration and the National Bank of Serbia, in the section related to budget handling.
Serbian external debt: EUR 23.1bn
December 3rd, 2010 |
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Serbia’s external debt at the end of September 2010 totaled EUR 23.1bn, the central bank has announced. Out of this sum, the debt of the public sector amounted to EUR 8.9bn, while the private debt added up to EUR 14.2bn, the National Bank of Serbia (NBS) stated in a release.
Currency weakens despite intervention
November 30th, 2010 |
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The Serbian dinar (RSD) will weaken on Tuesday by 11 paras, setting the official middle exchange rate at RSD 107.1945 for one euro.
The National Bank of Serbia (NBS) announced that this comes after it sold EUR 20mn on the interbank foreign exchange market to alleviate excessive daily fluctuations in the exchange rate.
Central Bank hikes key rate to 10.5%
November 11th, 2010 |
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The National Bank of Serbia (NBS) Executive Board on Thursday decided to increase the reference interest rate to 10.5 percent.
The move came in response to the growing inflationary pressures, the central bank said.
Serbia readies micro-loan program
October 31st, 2010 |
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Deputy Prime Minister Božidar Äelić stated Saturday that the Serbian government and the National Bank of Serbia (NBS) will prepare a microcredit model.
This would see loans ranging from two to three thousand euros granted to the most impoverished citizens without asking for guarantees.
“No reason for instability of currency”
October 29th, 2010 |
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The Serbian dinar (RSD) continues to fall to record-low values against the euro for the fourth day in a row.
Governor of the National Bank of Serbia (NBS) Dejan Šoškić said there was no reason for instability in the Serbian dinar exchange rate or for new price shocks in the market, announcing that he would discuss price stabilization with government representatives next week.
Central bank chief soothes currency fears
October 29th, 2010 |
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The Serbian dinar (RSD) continues to fall to record-low values against the euro for the fourth day in a row.
Governor of the National Bank of Serbia (NBS) Dejan Šoškić said there was no reason for instability in the Serbian dinar exchange rate or for new price shocks in the market, announcing that he would discuss price stabilization with government representatives next week.