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26. December 2002 - Thursday |
Dinar stable, interest rates lower in 2003, says NBJ Governor Dinkic
BELGRADE - Yugoslav National Bank (NBJ) Governor Mladjan Dinkic said on Thursday the basic objectives of the 2003 monetary policy will be to maintain a stable rate of exchange of the dinar, to reduce inflation to about nine percent, lower bank interest rates, and increase the central bank's hard currency reserves by about 625 million euros.
The rate of exchange of the dinar will be under the so-called managed regime - it will depend on supply and demand on the home hard currency market, which means that it will be stable, Dinkic told an assembly of stock-holders of the Belgrade bank Komercijalna banka.
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