National Bank of Serbia

Economy

29.march 2026 KS

How expensive are cash loans?

Data from the National Bank of Serbia for February show changes in interest rates for loans. How much more expensive are the loans?

Coat of arms of the National Bank of Serbia (NBS)

Denials of the National Bank of Serbia

25.February 2026. RV

Who needs false interpretations of the NBS Inflation Report

On the occasion of the false interpretation of the latest inflation projection of the National Bank of Serbia by the "Vreme" portal, we use the opportunity to once again repeat the details of the February inflation projection

Gold

28.January 2026 Bojan Bednar

Historical price of gold: Serbia profits, Western financial markets have a problem

"The historic rise in the price of gold is a sign of running away from the US and the dollar," economic adviser Bogdan Petrović told Vreme. Serbia has profited due to previous accumulation of gold reserves, while Western financial markets have a problem

Budget of Serbia

15.January 2026 KS

Statistical embellishments and reality: December deficit in the state treasury of 1,6 billion euros

Why were there record budget expenditures and excessive use of foreign exchange reserves in December?

Banknotes

14.January 2026 KS

Which money is most often counterfeited in Serbia: in 2025, one German mark was also found

How many forgeries were discovered last year and what should be paid attention to

Euro exchange rate

02.January 2026 Bojan Bednar

What course awaits us in 2026?

Due to the American sanctions on the NIS, towards the end of 2025, there was a rush to the euro, so the NBS had to defend the exchange rate of the dinar with larger interventions from foreign exchange reserves. What course is expected in 2026?

Economy

26.December 2025 IN THE

New economy: NBS defended the dinar with 1,4 billion euros since the beginning of the year

Since the beginning of the year, the National Bank of Serbia has spent almost 1,4 billion euros from its foreign exchange reserves to defend the existing exchange rate of the dinar. What are Serbia's foreign exchange reserves?

National Bank of Serbia

19.December 2025 MLJ

Foreign exchange reserves: How did Vučić invent seven billion?

The President of the country miscalculated again when he spoke about the economy and claimed that Serbia with its foreign exchange reserves "can defend the exchange rate" of the dinar for years.

Euro exchange rate

16.December 2025 KS

"Psychological" measure: NBS cancels the commission for exchange offices

The National Bank of Serbia has decided to abolish the allowed commission of one percent for exchange offices in order to avoid the "psychological effect" produced by the exchange rate of 120 dinars to the euro.

The oil industry of Serbia

25.November 2025 KS

NBS: We are suspending payment transactions with NIS if it does not get a license

NBS suspends payment transactions with NIS if the oil company does not receive a business license

Responding to the claims of NBS Governor Jorgovanka Tabaković, the Delez Serbia company pointed out that it did not take 130 million euros out of Serbia without paying taxes.

Delhaize Serbia

20.November 2025 B. B.

Account of NBS Governor Jorgovanka Tabaković with Deleuze Serbia

Responding to Jorgovanka Tabaković's claims, the Delez Serbia company pointed out that it did not withdraw 130 million euros from Serbia without paying taxes.

Inflation higher than expected

13.August 2025 MLJ

Jorgovanka Tabaković's justification with expensive strawberries and cherries

Inflation in Serbia defied the expectations of the National Bank, which explains this increase in the cost of living by force majeure and student activity. However, not everything is like that

Inflation

18.July 2025 B. B.

A blow to the standard: Compared to 2024, fruit has become more expensive by 31,6 percent

The latest data from the Republic Institute of Statistics show that food prices in Serbia have increased dramatically compared to last year, which is fueling inflation.

State debts

11.July 2025 MLJ

New economy: NBS borrowed three billion euros with a very unfavorable interest rate

On July 9, at the 27th securities auction, the National Bank of Serbia borrowed 360 billion dinars (3,07 billion euros) on the repo market by selling treasury bills.

From the newsletter

08.July 2025 Marijana Maksimovic

There is no money for money.

Para, a hundredth part of a dinar, is something like a zombie. It has long ceased to exist as a coin, but it is still counted. Why?

International Monetary Fund

28.May 2025. IN THE

IMF mission arrived in Serbia, first meeting at the National Bank

The International Monetary Fund begins its regular visit to Serbia, and the first plenary meeting with representatives of domestic institutions was held at the National Bank of Serbia. The visit is led by the new head of the mission for Serbia, Annette Kjobe, who took over from the previous head of the IMF mission in April.

Economy

20.march 2025 KS

New economy: Increased demand for euros in exchange offices

The dinar is at its lowest level since the beginning of the year, and the demand for euros has increased in exchange offices. The NBS justifies the increased demand for foreign exchange with seasonal changes, and interprets the lack of euros on the market as a reduced inflow of foreign investments.

Consumption

05.march 2025 Ma. J.

Tabaković: Why cheap food is more expensive

The governor of the National Bank of Serbia, Jorgovanka Tabaković, spoke to RTS about chip inflation, the boycott of megamarkets, and movements in the euro. She did not explain why grocery items in Serbia are among the most expensive in Europe

Interest rates

18.January 2025 Katarina Stevanović

What does it mean to limit the interest rate on permissible and impermissible minus?

Interest rates on permitted and non-permitted minus are limited for all banks. However, you should be careful with "hot money" when investing in the red.

Online shopping: Increasingly popular among citizens of Serbia

Shopping on the Internet

16.September 2024 TS

Online shopping in Serbia exploded: More than 540 million euros were spent in three months

Serbian citizens spent over 540 million euros on online shopping in just three months, the National Bank of Serbia announced. Serbs still shop mostly in domestic online stores, but the Chinese Temu undoubtedly had an impact on the jump in online shopping

Economy

13.September 2024 MS

NBS reduced interest rates: Will loans be cheaper?

The National Bank of Serbia reduced the reference interest rate to 5,75 percent, while the European Central Bank lowered it to 3,5 percent, so cheaper loans can be expected ‌

Economy

10.September 2024 IN THE

When there is no money for a home loan: How to save yourself from executors?

The state has proposed a new law on the protection of users of financial services. One of the novelties contained in this document is a new deadline for those who cannot repay the housing loan

Decision of the central bank

13.June 2024 IM / Tanjug

The National Bank of Serbia reduced the reference interest rate to 6,25 percent

When making the decision, the Executive Board of the NBS took into account the multi-month downward trajectory of domestic inflation and its return to the target limits in May, in accordance with the projections, announced by the NBS

National Bank of Serbia

12.April 2024. IM / Phonet

Reduced foreign exchange reserves by 89,3 million euros compared to the end of February

After a long time, the reduction of foreign exchange reserves was also influenced by the sale of foreign currency by the National Bank on the foreign exchange market, for 175 million euros.

Novac

24.October 2023 Z.S.

NBS: Over 1000 counterfeit banknotes discovered

Most of the fakes were dinar banknotes of 2000 dinars. Then banknotes of 1000 and 500 dinars. Expressed as a percentage, those three denominations together account for 89,50 percent of the total number of counterfeit cash detected in the same period

Economy

20.October 2023 MJ

Serbia is considering keeping part of its foreign exchange reserves in yuan

"Since January 2015, the Chinese yuan has been on the list of our currencies for the international market, and the NBS is considering including the Chinese currency in its foreign exchange reserves," Aleksandar Vučić said in

Economy

12.September 2023 BG

Housing loans: Limited interest rates, how banks will respond

The National Bank limited to 15 months interest on housing loans up to 200.000 euros. After the deadline, banks will not have the right to ask citizens to compensate them for the difference