Source: Tanjug | Friday, 20.03.2020.| 11:49
Highlight an article Print out the news

National Bank of Serbia to organize additional FX swap auction

(Photo: ToskanaINC/
On Monday, 23 March, the National Bank of Serbia (NBS) will hold an additional FX swap auction to supply dinar liquidity to the banking sector for a period of three months at a favorable interest rate of 0.85%.

By buying foreign exchange (euros) for dinars in this swap auction, the NBS aims to support the domestic financial system and economy amid the spread of the coronavirus (COVID-19).

The NBS stresses that neither dinar nor FX liquidity of the domestic banking sector are threatened, and that there are ample liquidity buffers (excess liquidity) to sustain the normal functioning of the financial system.

FX swap auctions are a regular instrument the NBS may use to regulate dinar and FX liquidity of the banking sector.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE