National Bank of Serbia

In this article, we will delve into the fascinating world of National Bank of Serbia, exploring its multiple facets and meanings. _Var1 has been the object of interest and debate throughout history, awakening the curiosity and study of experts in various disciplines. From its impact on contemporary society to its ancestral origins, National Bank of Serbia has become a topic of unquestionable relevance. Through a detailed analysis, we will analyze the different perspectives that exist around National Bank of Serbia, seeking to shed light on its true meaning and its influence in today's world.

This article is about central bank of the Republic of Serbia. For central bank of the Kingdom of Serbia, see Privileged National Bank of the Kingdom of Serbia.

The National Bank of Serbia (Serbian Cyrillic: Народна банка Србије, romanized: Narodna banka Srbije) is the central bank of Serbia. 44°48′13″N 20°27′53″E / 44.80361°N 20.46472°E / 44.80361; 20.46472

National Bank of Serbia
Народна банка Србије
Headquarters of the National Bank of Serbia
Headquarters of the National Bank of Serbia
Headquarters17 Nemanjina Street, Belgrade
Established1884 (1884)
(current form since 2006)
Ownership100% state ownership[1]
GovernorJorgovanka Tabaković
Central bank ofSerbia
CurrencySerbian dinar
RSD (ISO 4217)
Reserves€29.295 billion (2025)[2]
Bank rate5.50%
Interest on reserves4.50%
Websitenbs.rs
Economy of Serbia
Coat of arms of Serbia
Overview
Sectors
Serbia topics

History

The National Bank of Serbia succeeds several institutions, all based in Belgrade, mirroring the complex history of Serbia throughout the 20th centuries. The first of these was established in 1884 as the Privileged National Bank of the Kingdom of Serbia.[3] In 2003 Bank succeeded its immediate predecessor, the National Bank of Yugoslavia.[citation needed]

Missions

The responsibilities of the bank include monetary policy, the monopoly on issuance of Serbian banknotes and coins, the protection of price stability, and the promotion of stability of the financial system within Serbia.[4]

The National Bank of Serbia is independent and autonomous in carrying out its tasks laid down by the law, and is accountable for its work to the National Assembly of Serbia. The primary objective of the National Bank of Serbia is to achieve and maintain price stability. Without prejudice to its primary objective, it also contributes to maintaining and strengthening of the stability of the financial system.[4]

The National Bank of Serbia:

  • determines and implements the monetary and foreign exchange policies
  • manages foreign exchange reserves
  • determines and implements, within its scope of authority, the activities and measures aimed at maintaining and strengthening the stability of the financial system
  • issues banknotes and coins and manages cash circulation
  • regulates, controls and promotes smooth performance of domestic and cross-border payment transactions, in accordance with law
  • issues and revokes operating licenses, carries out prudential supervision of bank operations and performs other activities in accordance with the law governing banks
  • performs other tasks within its scope of authority, in accordance with law[4]

Organization

The bodies of the NBS are the Executive Board, the Governor and the Council of the Governor.[4] The incumbent governor of the national bank is Jorgovanka Tabaković.[5]

Governors

Main article: List of governors of national banks of Serbia and Yugoslavia

Since its re-establishment, the National Bank of Serbia has had five Governors:

Headquarters building

The current headquarters building on Slavija Square was designed by architect Grujo Golijanin for the National Bank of Yugoslavia, for which construction started in the early 1990s.[6] It stopped, however, because of Serbia's financial and political challenges of the time. Works restarted in the 2000s and the building was inaugurated in 2006.[7][8]

See also

References

  1. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "NBS FX reserves and IFEM movements in December". National Bank of Serbia. 13 October 2021. Retrieved 21 January 2025.
  3. ^ "National Bank of Serbia Archive". Retrieved 2 September 2012.
  4. ^ a b c d About the NBS
  5. ^ Management of the Bank
  6. ^ "Irena Jakos_ECC12 - Belgrade - National Bank of Serbia". 3D Warehouse.
  7. ^ Radovan Jelašić (10 October 2006), The National Bank of Serbia – accomplishing its objectives (PDF)
  8. ^ "Special characteristics of space". International Competition Slavija-Manjež.
Wikimedia Commons has media related to National Bank of Serbia.