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The National Bank of Serbia informs citizens that there was no need to raise large amounts of money during the pandemic

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NBS Vice Governor Zeljko Jovic told citizens that there is no need to raise large amounts of money, because there is enough of it.
As he said, in recent days the demand of citizens for cash has intensified.
He told TV Prva that citizens can regularly raise money as they did before the state of emergency.
“There was an increased demand for cash, a similar picture to the shops where the rags were being cleaned. This was happening in the banks as well”, Jovic told TV Prva, emphasizing that banks and the NBS have enough money.
Asked if significant changes in the dinar exchange rate are expected in the coming period due to the virus’s corona, Jovic said that the exchange rate has been stable in the last few days, as in the past few years.
“There has been no change of the significant ones and we do not expect any major turbulence in the coming period. The NBS is here to ensure the stability of the exchange rate with its interventions”, Jovic said.
Commenting on the decision of the NBS on the delay in repayment of loans and leasing, Jovic said that banks in Serbia should present, today, on internet presentations, offers for delay in repayment of liabilities of citizens and economy.
Clients, as he explained, have the opportunity to make a statement in the next 10 days, by March 31, if they do not want a delay in repayment of their obligations, either by phone or electronically, without going to bank counters.
He specified that only those clients who wish to cancel the repayment delay should contact the bank by telephone or electronic means.
“If they want a deadlock, they automatically apply the deadline for repayment of obligations”, Jovic explains.
According to the Vice Governor, the decision on the delay in repayment of obligations applies to both legal and natural persons, as well as to all types of their credit debts, including cash and housing loans of citizens, and all types of loans to companies and entrepreneurs.
Guided by what will happen to the obligations after 90 days, Jovic says that for each client with a delay in repayment, a new loan repayment plan is created, which means that at the end of the repayment it will be extended for the next three months.
Asked if there would be a forced collection during a state of emergency, Jovic said that the NBS decision foresees the obligation of banks not to carry out activities related to execution and forced collection within a period of at least 90 days.
“I urge other market participants not to abuse the situation”, Jovic says.
He stressed that citizens should go to the banks as little as possible and that they should stay at home, B92 reports.

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