Q:
A:
NBS to raise bank reserve requirements by three percent
Belgrade,
28 July 2004
National Bank of Serbia (NBS) Governor Radovan Jelasic said that the NBS will increase bank reserve requirements by three percent, adding that the central bank is ready to take other “unpopular measures” in order to keep the inflation rate within its target.
Radovan Jelasic
By raising reserve requirements from 18 percent to 21 percent, the NBS will release some five billion dinars from the banking sector, thus reducing the hard currency demand, Jelasic told the Beta news agency. The move aims to help the country preserve its macroeconomic stability in order to keep the annual inflation rate within the 8.5 percent target, he added.
According to the NBS Governor, the decision, which the NBS monetary board made at a session today, will take effect on August 11.
According to the NBS Governor, the decision, which the NBS monetary board made at a session today, will take effect on August 11.
-
Obrenovac, 10 June 2025Trans-Balkan Corridor most important project for electricity transmission in region
-
Belgrade, 4 June 2025Improving business climate in agricultural, food sector
-
Belgrade, 3 June 2025First planning meeting ahead of Expo 2027 to be held 10-11 June in Belgrade
-
Belgrade, 3 June 2025Free Trade Agreement with UAE enters into force
-
Belgrade, 2 June 2025Capital infrastructure projects for further economic development of Serbia
-
Belgrade, 30 May 2025Draft proposal for minimum wage growth dynamics presented
-
Belgrade, 28 May 2025Talks launched with IMF under first review of ongoing non-financial arrangement
-
Belgrade, 22 May 2025Serbia joins Single Euro Payments Area
-
Belgrade, 16 May 2025Infrastructural connectivity with region, EU among priorities
