NBS continues to cushion negative effects to domestic foreign currency market

The National Bank of Serbia (NBS) announced yesterday that in the upcoming period it will continue to cushion through its activities negative effects from international to domestic foreign currency market as well as to enable undisrupted functioning.

As it was stated at the NBS’s website (www.nbs.rs), since the beginning of the week, pressures on dinar have increased where decrease of national foreign currency is lower than of majority of foreign currencies of other developing countries.

It was added that during the previous few days, strong withdrawal of foreign investors has been present from developing markets which is estimated as the biggest withdrawal of capital from these markets since January this year.

- These trends have been greatly contributed to favorable indicators of USA economy recovery and investors’ behavior is influenced by geopolitical trades as well as oil price decrease - NBS outlines.