The first thing you need to do is choose a news reader, if you already don't have one. This is a piece of software that checks feeds you have requested and lets you read any new articles that have been added. There are various types of news reader. You should choose one that will work with your computer’s operating system.
When you have chosen a news reader, you can decide what content you want to keep up to date with. Please choose from below:
|Albania||Bosnia and Herzegovina||Bulgaria||Croatia|
|INTERVIEWS BY BALKANS.COM|
Alternatively, you can paste one of the BBN RSS URLs into a new feed in your news reader.
|E-mail article||Save||Additional News in English||Još vesti na Srpskom||Επιπλέον ειδήσεις στα Ελληνικά||Text|
No alarming disturbances or unusual events are evident in the Serbian foreign exchange market, as falsely presented by some media, speculating at the same time by how much the dinar will weaken by the end of the year. This is not the first time that the ‘notorious analysts’ have been toying around with exchange rates, stirring up psychosis and initiating flight from the dinar into the euro, though their clairvoyance has never proved right, but has certainly harmed the economy and our citizens.
The weakening of the domestic currency in early September, following a relatively stable exchange rate for the dinar in August, was initiated by foreign investor reluctance to refinance maturing dinar securities in their portfolios, thereby boosting the demand for foreign currency. The National Bank estimates that such behaviour, caused primarily by uncertainties regarding the Fed and the ECB’s monetary policy in the coming period, is only temporary. The uncertainties regarding the future Fed and ECB monetary policy are having a similar effect on the currencies of other countries in the region which also run a floating exchange rate regime.
Though integrated in global financial flows, our market remains insufficiently developed and has low trading volumes, so that even a small increase in demand for foreign currency, additionally spurred by psychological factors, can trigger significant volatility of the exchange rate. Such volatility was evident over the past days, but this morning’s quotations indicate abatement in the foreign exchange market.
The NBS wishes to underscore that Serbia does not pursue a fixed exchange rate regime, but rather a managed floating regime which allows for exchange rate movements in both directions. Such regime enables the pursuance of a monetary policy which helps the economy to more easily adjust to shocks emanating from both the domestic and external environments. Further, NBS interventions do not target a particular level of the exchange rate, but aim to mitigate excessive daily volatility in the foreign exchange market and preclude disruptions in operation prompted by insufficient trading, as well as to ensure that financial and price stability is not put into jeopardy. National Bank of Serbia
Related News in English
Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά