reserves, and a stable financial system. as always, i once again emphasize that what lies at the core of all results in the economic sphere – monetary, fiscal and financial stability, and economic growth, is the cooperation of all economic policy holders headed by president aleksandar vui, but above all the achieved and preserved political stability, thanks precisely to the efforts of president vui. when we were deciding on who could contribute the most to serbia, not on who would get which position, it was aleksandar's and my wish that i be in this place today. the results are the best evidence of how good his choice turned out to be. at that moment, the multiple importance of the national bank could only be recognized by the one who is connected to it both personally and as a family. dear mr president, ladies and gentlemen, dear friends, esteemed guests, at the end i will repeat – the national bank of serbia, whose 140 years of existence we are celebrating today, is a mirror of the state before the people and a reflection of the people before the world. 2 / 3 bis - central bankers'speeches i now invite you to open our innovated visitor centre together and take a look at a part of the archival materials of the national bank of serbia – our numismatic collection, which serves as a testimony of facing and overcoming challenges such as wars, crises, inflation and other social and economic processes, phenomena and events that accompanied us on our often - difficult path to success. 3 / 3 bis - central bankers'speeches

jorgovanka tabakovic : development of the domestic economy should be environmentally supported and oriented, but not threatened introductory speech by ms jorgovanka tabakovic, governor of the national bank of serbia, at the re - set summit, online, 16 april 2021. * * * hello, everyone! esteemed organisers, thank you for inviting me to open today ’ s re - set conference. it is a pleasure to be able to speak about new challenges. those that are ahead of not only central banks and other global economic policy creators, but also, ahead of all of us as citizens of the planet. the crisis, which is, unfortunately still ongoing, reminded us of how important we are to each other. it reminded us of the value of human health, but also of the economy. it was crucial that our health and the economy were strong when the crisis broke out, in order to overcome it more easily. the prevention has always been and will be important. the fact that we did not wait for the economic shock to hit is critical. we took preventive, targeted and balanced measures – not regretting the resources, but not squandering them away either. we have tackled economic issues on every front, and we still are. this is how we achieve the synergy effect – the preservation of lives and health of people and a faster recovery of the domestic economy. we are proud to say that our economy is returning to the pre - pandemic level as we speak. many individual sectors already did it in 2020, but the overall economy should reach its pre - crisis level in this quarter. faced with conditions which were not the least bit easy, we kept the stability of the exchange rate and all other segments of the domestic financial market. we provided the necessary liquidity to banks and corporates in time, including the most favourable financial terms ever. we maintained high foreign exchange reserves, having additionally strengthened their structure, all with a view to a faster recovery of the domestic economy, one of the fastest in europe and the world. we are aware that there are new challenges ahead of us. in parallel with the need for global economic recovery, appeals about the need for environmental protection are becoming increasingly vocal worldwide. however, not only economic policy creators but all citizens should be aware of this, everyone who contributes to pollution, to a smaller or greater extent! should ecology be one of the priorities of this country? most certainly yes! does this mean that factories should be