– most of all for the one who can run faster! in addition to measures relating to price stability, exchange rate and the financial sector, other measures enacted by the nbs relate to : - - natural persons – no change in the classification of receivables, even if : o loan repayment period is extended for one year ; o foreign currency - indexed loans are converted into dinar loans, and chfindexed loans are converted into eur - indexed loans ; o indexed financial lease receivables exceed the 30 / 50 % ratio due to depreciation of the dinar. banks : - o reserve requirements on foreign credit, subordinated credit and financial leasing are abolished ( until june 2010 ) ; o reserves for general banking risks are abolished in the event of expansive growth ; o gross household lending / share capital = 150 % – no penalty in the event of non - compliance caused by the depreciation of the dinar. legal entities : o loans for agriculture and loans to entrepreneurs for other activities are exempted from the gross household lending to share capital ratio ( 150 % ) o negotiations with the eib on a loan of eur 250 million to smes, and negotiations with other international financial institutions ( e. g. ebrd, kfw ) and governments ( e. g. italy ). true, the list of measures relating to legal entities is the shortest, but we are making intensive efforts to lengthen it. but, what have other countries done so far? the governments have a ) greatly improved the deposit insurance scheme, b ) promised notable support to the financial sector in order to strengthen the capital base, c ) announced substantial public works, primarily in infrastructure. from their part, central banks a ) provided substantial additional liquidity, and b ) cut the key policy rate in order to lower the cost of credit. in terms of specific activities, however, central banks have done their part, but the measures announced by governments ( excluding deposit insurance ) are still being elaborated. for example, not a single euro has yet been approved to austrian banks simply because the authorities waited for an approval of terms from brussels. the 21st century and market economy call for different models and methods than a decade or two ago. but before we go into details, it is important to pay attention to the following facts : - the ownership structure of both enterprises and banks has changed significantly, and this will have a major impact on the way we confront the current challenges ; -

jorgovanka tabakovi : 150 years of the serbian dinar speech by dr jorgovanka tabakovi, governor of the national bank of serbia, at the opening of exhibition " 150 years of the serbian dinar ", belgrade, 21 december 2023. * * * ladies and gentlemen, dear colleagues and associates, dear friends, it is on rare occasions that one feels such pride. privileged to bear witness to a century and a half of history and tradition. honoured to attempt to fortify and further elevate such long history and defiance of numerous challenges with one's actions, words and aspirations. welcome to our house, the national bank of serbia, on this – i can safely say – historical event, when we celebrate 150 years of the serbian dinar as the national currency. there are few nations in the world that can boast the fact that they have had their own currency for a century and a half. it has long been known that in addition to the traditional symbols of statehood – the coat - of - arms, flag and anthem – the spirit and strength of a state are also made of its tradition, culture and the national currency. how long these symbols of statehood last shows how young or how long - lasting a nation is, how stable and how resilient it is. they are also a mirror of history and an achievement of a nation, having a critical importance to the nation's sovereignty and image in the world. to have a stable and solid currency of your own is perhaps more relevant today than ever before. in an environment of continually increasing uncertainty, amid a series of crises that have overlapped over the past four years, the global economic and financial landscape has been permeated with the interests of major powers. the globalisation process we have known for decades has taken a different turn, and the most influential economies are trying to gather around them groups of countries that dictate economic flows. the instruments in this fight include strengthening national currencies, as well as attempts by some groups of countries to create a supranational, common currency. against such backdrop, it is necessary to preserve the independence of monetary policy and decision - making which directs domestic economic flows. for two centuries, the world of global finance has been familiar with the statement : " give me control over a nation's money supply, and i care not who makes its laws. " this clearly shows that the strength of a country in the economic, as