National Bank of Serbia

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National Bank of Serbia
Народна банка Србије/Narodna Banka Srbije
Building of the National bank of Serbia
Building of the National bank of Serbia
Headquarters Nemanjina 17,
Belgrade
Established July 2, 1884 (1884-07-02)
Governor Jorgovanka Tabaković
Central bank of Serbia
Currency Serbian dinar
RSD (ISO 4217)
Reserves 15.38 billion USD (December 2013)
Bank rate 8.50%
Interest on reserves 7.25%
Website www.nbs.rs

The National Bank of Serbia (Serbian: Народна банка Србије / Narodna banka Srbije) is the central bank of Serbia. Founded in 1884,[1] the responsibilities of the bank are: monetary policy, sole issuer of Serbian banknotes and coins, protection of price stability and promotion of stability of the financial system within Serbia.[2] The current governor of the bank is Jorgovanka Tabaković, as of August 6, 2012.[3]

History[edit]

The bank was originally established on July 2, 1884 as the Privileged National Bank of the Kingdom of Serbia. It was modeled after the National Bank of Belgium, considered at the time to be at the forefront of modern banking institutions.[4] The first governor of the bank was Aleksa Spasić. Following the First World War, the bank underwent several changes as the country expanded and eventually became Yugoslavia. It wasn't until 2003 that the last remnant of Yugoslavia disappeared and the bank returned to minting Serbian currency.

Old headquarters of the NBS, Kralja Petra 12, Belgrade

Predecessors[edit]

  • Privileged National Bank of the Kingdom of Serbia (2 July 1884 - 20 January 1920)
  • National Bank of the Kingdom of Serbs, Croats and Slovens (20 January - 3 October 1929)
  • National Bank of the Kingdom of Yugoslavia (3 October 1929 - September 1946)
  • National Bank of Yugoslavia (September 1946 - 19 July 2003)
  • National Bank of Serbia ( - since 19 July 2003)

Functions[edit]

Core functions of the National Bank of Serbia include determining and implementation of the monetary policy, as well as that of the dinar exchange rate policy, management of the foreign currency reserves, issue of banknotes and coins, and maintenance of efficient payment and financial systems.

Governors[edit]

Below is the list of the governors of the National Bank of Serbia since its re-establishment in 2003.

See also[edit]

References[edit]

  1. ^ "National Bank of Serbia Archive". Retrieved 2 September 2012. 
  2. ^ About the NBS
  3. ^ Management of the Bank
  4. ^ "Tradition of Central Banking". National Bank of Serbia. Retrieved 13 April 2013. 

External links[edit]

Coordinates: 44°48′13″N 20°27′53″E / 44.80361°N 20.46472°E / 44.80361; 20.46472