and institutions to reach out to the public through financial literacy awareness initiatives. i therefore encourage you to submit your financial literacy activities and initiatives to the financial literacy working group for consideration for this year's awards. in conclusion, i would like to thank the working group under the national strategy on financial education phase ii for the organization of the financial literacy week. in particular, the ministry of finance and national planning financial education team, financial sector regulators, ( pensions and insurance authority and the securities and 3 / 4 bis - central bankers'speeches exchange commission ), the bankers association of zambia, our collaborating partners dsik ( the german sparkassenstiftung ) zambia, financial sector deepening zambia and all other stakeholders who have continued to support the financial literacy week commemorations every year. the bank of zambia remains committed to supporting this national event and we encourage all financial institutions and stakeholders to participate in the flw activities across the country. may god bless us all. 4 / 4 bis - central bankers'speeches

s inflation to be at the projected single - digit level, a host of “ armchair critics ” rushed to disprove this, proffering instead their own pessimistic forecasts of end2006 inflation. however, we have not allowed ourselves to be intimidated by such criticisms, and we never will. instead, we pursued a responsible, restrictive monetary policy, and, as a result, managed to substantially topple inflation, so that at the end of the year it should attain the projected single - digit rate of growth. another important task facing the national bank of serbia is to completely restore public trust in the dinar and convince citizens that savings in the domestic currency represent the most profitable form of savings, that it is safest to perform financial transactions in dinars and that the purchasing power of the dinar is the best measure of their real standard. in other words, we need to get it across to the public that the time of constant “ switching ” from dinars to euros and vice versa is a bad reflex from the past, which today can only cause losses. the national bank will be successful in this as well, since it has always accomplished all its objectives. this new modern building incorporating state - of - the - art technological solutions has enabled the employees of the national bank to step into the 21st century physically as well, providing them with a working environment that may earn them the envy of even their colleagues from countries more developed than serbia. this however also means that in our work we need to observe the standards of these more developed countries, and that transition has brought with it yet another rule – we must do a good and responsible job before we get rewarded. national bank ’ s activities in the part of the financial system coming under its legal remit, as well its efforts on its own transformation, have shown and proven that the central bank has been the engine of transition over the past several years. the banking sector is already practically in the european union, as most of it comprises banks that have come from european union countries. our job, however, is not over yet, and we in the national bank are already working very intensively on tackling what should be the key economic challenge in the next phase of transition : we do not want to be alone in the european union ; we want the entire serbia to enter it along with us. for us this is neither a political nor a pre - electoral platitude ; rather than this, it is a responsible task, and