"Stable trends in foreign exchange market" |
| 16 February 2011 | 16:31
| Source:
Tanjug |
BELGRADE --
National Bank of Serbia (NBS) Bojan Marković says the latest political events in the country have not influenced the foreign exchange market.
 | Marković at the news conference today (Beta)
|
He told reporters in Belgrade on Wednesday that the central bank is monitoring the situation and will do everything to maintain stability.
At the presentation of the latest inflation report, Marković pointed out that political problems drive up risk premiums, while increased stability always lowers them.
The vice governor reminded that the dinar has been gaining against the euro since December, party explained by the fact that the country's risk premium has been going down since November, which makes for cheaper borrowing in the international market.
The second reason the dinar has been gaining ground is that foreign investors have been selling more foreign currency to banks since the end of last year, Marković noted and added that in December, January and the first 11 days of February, foreign investors sold EUR 538mn to banks, compared to only EUR 455.8mn in the first 11 months of 2010.
|
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