TABAKOVIC: Direct foreign investments to reach EUR 2 billion in 2017

NBS Governor Jorgovanka Tabakovic stated on Friday, November 3, 2017, that direct foreign investments would reach two billion euros by the end of the year and that the latest exchange rate was RSD 118.66 per euro, meaning that the dinar has grown by 3.9% this year.

– This is the record level of the dinar in the past three years. The reason is, as always, that an increased demand compared to the supply has lead to the dinar’s assuming such a high value – Tabakovic told TV Pink.

As she said, the biggest reason for this are foreign direct investments.

She explained that they were bigger than the NBS’ conservative estimate of around 1.5 billion, later revised to around EUR 1.7 billion.

– I can now say that the value will reach EUR 2 billion by the end of the year – NBS Governor emphasized.

She said that both the citizens and the business sector would benefit from a strong dinar and added that she was convinced that the stability above all and a growing confidence in the local currency and the dinar exchange rate were in everybody’s interest.

– We are looking to have this benefit reflected in the stability of planning and doing business in Serbia – Tabakovic said and added that an improvement of the payment balances of a state and competitiveness were not achieved through exchange rate policies or foreign exchange policies, but through structural reforms.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

Jorgovanka Tabakovic

foreign direct investments in Serbia

FDI

dinar exchange rate

euro exchange rate