Restoring Confidence in Serb Dinar Is `Mission Impossible,' Danas Reports
Restoring confidence in the Serbian dinar is “mission impossible” and policy makers should consider subsidized interest rates to encourage dinar savings and a boost to longer-dated dinar-denominated Treasury bills, Danas reported today, citing Vladimir Vuckovic of Megatrend University and other analysts.
For several years, Serbia lacked political stability, while inflation rates fluctuated widely and so did economic activity, said Vuckovic. Only with stability spread over several years, confidence in the dinar will grow, Danas cited Vuckovic as saying.
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