##rb says that learning is a treasure that will follow its owner everywhere. and it is learning that has brought us to this new revolution that we are part of. dear friends, the aim of robust technological expansion in the financial system is to create value added by providing, at lower cost, cutting - edge services that save time as the most valuable resource. let us recall a chinese proverb saying be not afraid of going slowly, be afraid only of standing still. translated onto the financial sector – there can be no success or progress without recognising market needs and without setting a clear goal that we want to achieve. our task therefore is to remain committed to innovations that save time and make lives easier, but also to maintain the justified confidence of the public and their expectation of a stable and secure financial system going forward, a financial system that took us a lot of time and effort to establish and preserve i wish you a successful forum and good health! 3 / 3 bis - central bankers'speeches

for promoting transactions in chinese yuans throughout the southeast european region. in parallel, we are exploring the option of investing a part of our fx reserves in financial instruments denominated in yuans, of which our president aleksandar vui also spoke with pleasure during his visit to china in october. dear colleagues, 1 / 3 bis - central bankers'speeches i hope you do not mind that i began my address by mentioning the cooperation between our two countries, because we would not be speaking about modern financial industry and the digital economy era today if we did not share the vision of the modern society to which we aspire together. i may freely say that today we are at the brink of a revolution which is taking place through the bits and bytes. it is a fact that the ways in which we make payments, apply for loans, conclude agreements with financial institutions, the time it takes to make a transaction, the technologies we use, are all changing rapidly. until only recently, we relied on physical databases, whereas now we are using blockchain. we have switched from atms to ai - based customer support. the transactions which used to take days to complete are now executed in real time. where is the republic of serbia in this process? a half of our banks are already using artificial intelligence, and we at the national bank of serbia do not lag either. we use predictive analytics and machine learning tools in our early warning systems and macroeconomic environment assessments. we have also introduced the anti - fraud module in our instant payment system. having in mind that the main objective of the national bank of serbia is to maintain price stability, we have also developed an inflation nowcasting model, as one of the state - of - the - art tools in central banking. we cherish our national dinacard payment card and keep modernising it, aware of the significance of the independence and stability of the domestic financial system. so far, around 5. 8 million cards have been issued, and they are accepted at all atms, pos terminals and most internet stores in serbia. this may not seem an impresive number for you in china, but for a market of our size, this is huge and something we are especially pleased about. the exceptional bilateral cooperation between the dinacard and the chinese unionpay card system was established, enabling the use of dinacard cards abroad. there is also the project of issuing a co - branded card in cooperation with unionpay, as