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Savings in domestic currency increased five times in Serbia

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Serbia will have 3.6 billion euros of foreign direct investments this year, said today the governor of the National Bank of Serbia (NBS), Jorgovanka Tabaković.
She pointed out that it was a great success, considering that 2021 is also the year of the pandemic, in which many countries are still recovering.
“In such a year, Serbia reached the level of foreign direct investments almost as in the record year of 2019, when gross foreign direct investments amounted to 3.9 billion euros,” Tabaković told TV Prva.
She pointed out that in times of uncertainty, it was a great success for Serbia and pointed out that foreign investors decide to invest and open factories in our country, which affects the growth of our economy, salaries, higher tax revenues.
To the statement of the journalists that some will say that foreign investors come because of the large subsidies that the state gives, Tabaković answered that Serbia is an open economy and that giving subsidies is a practice in the world.
She also pointed out that it was an inherited decision that was modified and adjusted to today’s conditions, and which, she added, proved to be good, due to economic growth, job creation, salary increase.
The governor stated today that the citizens of Serbia have more and more confidence in their currency, which is shown by the fact that savings in dinars are increasing.
Tabaković pointed out that, compared to 2012, savings in dinars increased five times.
She stated that even today we save more in euros than in dinars, because, as she says, it is an inheritance.
“We are changing that, because the savings in dinars have increased five times more than in 2012. We have exceeded that magic number of 800 million euros in savings in dinars, but that is still not much, because the largest share is still in euros,” Tabakovic told TV Prva.
She pointed out that it is not easy to convince those citizens, who lost everything in the past due to high inflation, to turn their savings in euros into dinars.
She added that the NBS regularly provides information on how much more profitable it is to save in dinars, B92 reports.

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