Governor Jorgovanka Tabaković Interest on reserves 7.25% Founder Serbia Headquarters Belgrade | Bank rate 5.50% Central bank of Serbia Founded 2 July 1884 President Jorgovanka Tabaković | |
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Established July 2, 1884 (1884-07-02) Currency Serbian dinar
RSD (ISO 4217) Reserves 15.38 billion USD (December 2013) Reserve 15.38 billion USD (December 2013) | ||
Coin issued by national bank of serbia year 2003
The National Bank of Serbia (Serbian: Народна банка Србије / Narodna banka Srbije) is the central bank of Serbia. Founded in 1884, 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. The current governor of the bank is Jorgovanka Tabaković.
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History
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. 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
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.