Foreign exchange market

Central bank "will preserve stability of currency"

BELGRADE -- National Bank of Serbia (NBS) Governor Jorgovanka Tabaković said on Monday that the central bank will preserve the stability of the Serbian dinar.

The bank "will protect the national currency from speculative effects," she said.

Central bank "has enough reserves to defend currency"

BELGRADE -- Governor of the National Bank of Serbia (NBS) Jorgovanka Tabaković says the NBS "has enough FX reserves to defend the national currency."

BELGRADE - Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said that the NBS has enough FX reserves to defend the national currency and it bought euros (EUR 20 million) just before the weekend for the first time this year, after only selling foreign currency for the last three months.

Croatia's Forex scam should be a lesson, EP says

The biggest financial scam in Croatia will likely serve as a warning to citizens, who can also learn to be cautious through information from the EU.

Defendants wait to enter the Forex trial on February 20th. [Jutarnji.hr]

Central bank sells EUR 40 million

BELGRADE -- The National Bank of Serbia (NBS) sold EUR 40 million on the foreign exchange market on Thursday.

This kept the exchange rate at RSD 115.9574 for EUR 1 for the fifteenth day in a row on Friday.

BELGRADE - The National Bank of Serbia (NBS) FX reserves amounted to EUR 10,831.8 million at end-February, covering M1 by 351 percent or more than seven months of imports of goods and services.

BELGRADE - The National Bank of Serbia (NBS) foreign exchange (FX) reserves amounted to EUR 11,126.4 million at end-January, covering M1 by 359 percent or more than seven months of imports of goods and services.