Moreover, for a number of reasons – ranging from the desire of citizens to protect their savings from hyperinflation and financial fragility to intense flows of tourists and migrants – the European national currencies in the past and the euro today have played a special role in this region, including in Serbia.
BIS Review 103/2008  1  This country – and once again, this region – must be commended for its remarkable progress in economic terms over the past years. Growth has been sustained, confidence in the currencies has strengthened, the financial sector has deepened and new investment has been attracted.