National Bank of Serbia explained

The National Bank of Serbia (Serbian: Народна банка Србије|Narodna banka Srbije) is the central bank of Serbia.

Headquarters:17 Nemanjina Street, Belgrade
Bank Name In Local:Народна банка Србије
Ownership:100% state ownership[1]
Established:1884
President:Jorgovanka Tabaković
Leader Title:Governor
Bank Of:Serbia
Currency Iso:RSD
Currency:Serbian dinar
Reserves:€16.8 billion (2021)[2]
Borrowing Rate:5.50%
Deposit Rate:4.50%

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.

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.

The National Bank of Serbia:

Organization

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

Governors

See 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:

Building

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]

See also

Notes and References

  1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
  2. News: Стање девизних резерви и кретања на међубанкарском девизном тржишту у септембру . 11 October 2021 . nbs.rs . 11 October 2021 . Serbian.
  3. Web site: National Bank of Serbia Archive. 2 September 2012.
  4. http://www.nbs.rs/internet/english/10/index.html About the NBS
  5. http://www.nbs.rs/internet/english/10/10_3.html Management of the Bank
  6. Web site: 3D Warehouse . Irena Jakos_ECC12 - Belgrade - National Bank of Serbia .
  7. Web site: International Competition Slavija-Manjež . Special characteristics of space .