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July 02, 2003 - Wednesday |
Compulsory bank reserves lowered from 20 to 18 percent, says NBS governor
18:52 BELGRADE , July 2 (Tanjug) - The National Bank of Serbia (NBS) has lowered compulsory bank reserves from 20 to 18 percent, which will release about 2.5 billion dinars to help increase their solvency and additionally credit citizens and businesses, NBS Governor Mladjan Dinkic said on Wednesday.
The decision is a consequence of a smaller increase in retail prices and is not connected to the state purchase of this year's wheat harvest, since the Serbian Finance Ministry has sufficient funds for this, Dinkic told a press conference.
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