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“Over the past year, the National Bank quickly led to the fact that everyone in Serbia knows that they have a secure foothold.”
Source: RTS
Photo: Depositphotos, alexlmx
This is what the Governor of the National Bank of Serbia, Jorgovanka Tabaković of RTS says.
He adds that they have maintained a course in the range of 117.50 to 117.60 throughout the previous year.
He points out that Serbia has 35.65 tons of gold in its foreign exchange reserves, which guarantees security to the state, but also to all those who want to work with the state.
He also says that in the most difficult year, foreign direct investment amounted to 2.9 billion euros.
“We turned a deaf ear to those stories, we dropped the fiscal deficit, we did not look at the amount of debt, we only helped the economy. We managed to save jobs, mainly for people whose lives are more valuable than everything, but whose lives need stability and security. We have shown that we can survive even in the most difficult moments, ”says Tabaković.
It says that the results of the National Bank were achieved with the help of the President and Government of Serbia.
Remember that at the beginning of the crisis, the National Bank provided liquidity to the state and the economy, but also to the banks as the first and last refuge.
“At all times, we were careful not to jeopardize price stability and inflation. During the year, we quickly let everyone know that they had a secure position in the National Bank of Serbia,” says Tabaković.
He says that for the third moratorium they had enough time to agree with the banks to assess the risk, and for the National Bank to grant a grace period of six months through regulatory measures in which it will evaluate for each of the debtors until what point you can continue with the payment. crisis.
“We always do what is convenient for us as a state”
Jorgovanka Tabaković says that the National Bank of Serbia has invested 1 billion and 450 million euros for a stable exchange rate.
“I especially want to point out, in November and December, we had purchases of 285 million euros due to the return of investors to Serbia. We sold one billion and 450 million net and kept the price almost at the same level,” says Tabaković.
He says that in 2019, by way of comparison, the National Bank bought two billion and 700 million euros so that the dinar does not strengthen too much and thus saved reserves so that it could intervene this year.
“Let me remind you, from 2017 to the end of 2019, we bought more than five billion and 300 million euros, and that is why we had something to deliver and bring stability to citizens,” says Tabaković.
It affirms that the public debt is 56.7 and 57.8, surely below 60 percent.
“One of Azerbaijan’s expensive debts with an interest rate of four percent has been repaid. When you say that the state has borrowed, I will always remember it, relative to the gross domestic product that allows that level to be very low. below the Maastricht criteria, when we don’t look “You always do what is in our best interest as a state,” said Jorgovanka Tabakovic.
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