But this is transition and do not underestimate the role of the journalists that love to create headlines! Last but not least, the exchange rate. “More float and less management” has been emphasized and carried out by the National Bank since September last year.
The events of the last days of 2005 and the recent week are just a proof of the need to hedge foreign currency positions – the sooner the better. The exchange rate is not even mentioned among the 3 goals the National Bank of Serbia should pursue!