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
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	5.50%
Interest on reserves	7.25%
Website	www.nbs.rs

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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.^[3]

History

Old headquarters of the NBS, Kralja Petra 12, Belgrade

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.

Predecessors

Privileged National Bank of the Kingdom of Serbia (2 July 1884 - 20 January 1920)
National Bank of the Kingdom of Serbs, Croats and Slovenes (20 January 1920 - 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 (19 July 2003 – present)

Functions

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

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

Mlađan Dinkić (February 4, 2003 – July 22, 2003)
Kori Udovički (July 23, 2003 – February 25, 2004)
Radovan Jelašić (February 25, 2004 – July 28, 2010)
Dejan Šoškić (July 28, 2010 – August 6, 2012)
Jorgovanka Tabaković (August 6, 2012 – present)

References

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↑ About the NBS
↑ Management of the Bank
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External links

Wikimedia Commons has media related to National Bank of Serbia.

National Bank of Serbia

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Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system
International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

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