jorgovanka tabakovi : stability of the banking sector in serbia preserved and additionally strengthened introductory speech by dr jorgovanka tabakovi, governor of the national bank of serbia, at the annual assembly of the association of serbian banks, belgrade, 18 june 2024. * * * ladies and gentlemen, dear marina, esteemed fellow bankers, it gives me great pleasure to welcome you to the annual session of the assembly of the association of serbian banks, a business association that has been contributing to the development of the banking sector and the modernisation of financial services in serbia for more than 100 years. through solid partnership and cooperation, the national bank of serbia and the association of serbian banks promote transparency in work and coordination of activities, all with a view to achieving one and the same goal – preserving the stability of the banking sector of serbia and strengthening its resilience to challenges. the stability of the financial system is a shield against economic disruptions and changes, as well as a vital link on the path to sustainable economic development. by strengthening the stability of the financial sector, we lay the groundwork for long - term economic growth and ensure a better standard for all our citizens. delivering financial stability is a continuous process. we build trust, as the key ingredient in this context, through strategic risk management and a proactive regulatory approach. for a number of years already, the national bank of serbia has succeeded in ensuring price and financial stability by taking well - timed and appropriate decisions. we used the period of low and stable inflation to strengthen financial stability by bringing all parameters to the levels that are well above the regulatory minimums. the stability of the financial system was also confirmed during the last four years marked by an unprecedented multidimensional crisis, which shows the importance of a coordinated monetary and macroprudential policy. thanks to the flexibility of our monetary framework, we tightened monetary conditions gradually and measuredly, without endangering the stability of the financial system at any point. we managed to return inflation on a downward path and in may, in accordance with our projections, it returned within the target band, to 4. 5 %. with this in mind, the executive board assessed that the conditions have been created for the start of monetary policy easing through the reduction of the key policy rate, which was trimmed after almost a year by 25 bp, to the level of 6. 25 %. we expect that inflation will continue to slow until the end of the year and that it will

stephen s poloz : launch of new $ 10 note remarks by mr stephen s poloz, governor of the bank of canada, at the launch of the new $ 10 note, winnipeg, manitoba, 19 november 2018. * * * we are here today to celebrate the end of a long journey. a canadian journey. today, we celebrate the launch of this incredible new $ 10 note. bank notes are more than secure means of payment that canadians can use with confidence. they also tell the stories that have shaped our country. now, each time this new vertical $ 10 bill changes hands, it will remind us of our continued pursuit of human rights and social justice in canada. bringing a new bank note from concept to reality is a remarkably complex process. few people realize just how long the process is — work on this note started 2½ years ago and the planning for it goes back twice as far. and the process involves a wide range of people. some have an obvious role — the historians, researchers and graphic designers, for example, who make the note beautiful and meaningful. photographers and engravers also play an important part. but others involved in the process aren ’ t quite as obvious — the chemists, physicists and engineers who do the research on the polymer and help develop the features that make our notes so secure. and then there are all our partner groups, many of which are represented here today, and the bank staff who work closely with them. we truly appreciate the assistance of the financial institutions who distribute the notes across the country. we expect that they will be available at local branches throughout canada over the next few weeks. and we appreciate the help of the retailers who handle the notes and the law enforcement agencies that work to make sure that counterfeiting remains very low. so yes, it ’ s a long and involved process and a lot of hard work. but it ’ s the hard work that makes the process so worthwhile and the celebration so sweet. i want to highlight a couple of things that made bringing this note to reality so special. the first is the public ’ s involvement in designing the note. finance minister bill morneau agreed with me that it was long past time to feature an iconic canadian woman on the front of a regularly circulating bank note. so, the bank asked canadians to tell us who that woman should be. and that invitation unleashed a flood of nominations — over 25, 000 of them. an expert panel helped us comb through them all. this turned