Resident individuals have been permitted to make remittances overseas up to USD 200,000 per financial year for undertaking any of the permitted current or capital account transactions or a combination of both. Only requirements are a designated bank account, PAN number and a simple declaration.
Furthermore, thanks to all results of macroeconomic stabilisation, an international financial institution issued the first long-term dinar security. Namely, in December last year the EBRD issued a three-year dinar bond, which will be traded on the Belgrade Stock Exchange. The dinar proceeds will be on-lent to local enterprises, notably SMEs. This move underpins the dinarisation process, which remains among our strategic commitments.