exchange offices

Serbia, That the depreciation of the domestic currency could improve the competitive position of the economy is a wrong claim

That the depreciation of the domestic currency could improve the competitive position of the economy is a wrong claim that ignores reality, states Ivan Nikolić in his analysis in the latest issue of Macroeconomic Analysis and Trends (MAT). "As of December 6, the National Bank of Serbia net bought 525 million euros (purchased 2,885 million euros and sold 2,360 million euros). But the objection related to a more "realistic" exchange rate of the dinar still finds a place in the…