National Bank of Serbia (NBS) Governor Radovan Jelasic submitted an irrevocable resignation on Tuesday, but will continue to work as the NBS governor until a new one is appointed.

Jelasic announced that he willl continue to work until the National Assembly of the Republic of Serbia appoints his successor.

The most serious candidates for the new NBS Governor are Goran Pitic, actual President of the ‘Societe General’ Management Board and Vladimir Cupic, President of ‘Hypo Alpe Adria’ Executive Board.

‘Reasons for Jelasic’s resignation are pressures he was exposed to in recent six months from the part of the Government and business people. The only question is whether he was suggested to resign or he realized he would be no longer able to lead the policy he thought he should’, Vladimir Gligorov, associate of Vienna institute for international economic studies says.

The Serbian Dinar lost 0.23 percent against the Euro on Wednesday. The official middle exchange rate was set at RSD 99.74 per Euro.

The day before, the National Bank of Serbia sold EUR 40 million on the Interbank Foreign Exchange Market due to volatile fluctuations in the exchange rate. From the beginning of the year the central bank has sold EUR 611.5m on the Interbank Foreign Exchange Market.

Serbia’s domestic currency reached its record-high on January 4, when it changed hands at RSD 95.97 per Euro, and was at its weakest on March 12, when it was traded at RSD 99.88 per Euro.