depreciation

Depreciation of the dinar would not increase the competitiveness of the Serbian economy

The relative stability of the dinar against the euro in the managed floating exchange rate regime is the optimal strategy for Serbia, and the claim that the depreciation of the domestic currency could improve the competitive position of the economy is wrong, said economist Ivan Nikolić. "The floating exchange rate management regime achieves price stability, business certainty, security in the domestic financial system and foreign investors, while simultaneously maintaining the independence of monetary policy and the ability to adjust to…