IMF calls for more progress on Serbian currency

Central bank managed recent currency instability well, IMF staff say

national-bank-of-serbia-2
The National Bank of Serbia
Photo: LukaP/Wikimedia Commons

Serbian authorities need to make more progress on replacing foreign with domestic currency, an International Monetary Fund staff report said.

The report nonetheless praised Serbia’s central bank for dealing firmly with forex instability and said the country’s economic stability was now firmly rooted.

Serbia is not a member of the European Union, but the euro has been its dominant currency for much of this century and is still widely used.

In December 2018, the Serbian authorities and the IMF

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