Governor of the National Bank of Serbia (NBS) Dejan Soskic stated on Friday that the exchange rate would remain stable regardless of occasional oscillations, and pointed out that greater changes in the exchange rate over the past two weeks came as a result of revenues from government securities indexed in euros.

The local public should get used to the fact that the market regulates the exchange rate and that the NBS would not constantly use its foreign exchange reserves to make market interventions, Soskic told reporters in an interval at the presentation of the Strategy for successful European integration.

The governor reiterated that the NBS warned the Finance Ministry against issuing government securities indexed in foreign currency because it could affect the exchange rate. Soskic stated that in the time to come, the local public should get used to decreasing inflation and fluctuating exchange rate, which the NBS upholds as its policy.

He also quoted changes on the global market as regards the U.S. dollar, the euro and the Swiss franc, where the oscillation is considerably greater. Speaking about the share in housing loans which has been upped to 20 per cent, the NBS governor quoted the case of Hungary where the share totals 40 per cent for loans taken out in the Swiss franc, or 55 per cent for credits in the U.S. dollar.