We need a) a still deeper forex market, b) buyers and sellers who engage in forward trade and have abandoned the "euro costs what it costs" principle, c) exchange dealers who trade exclusively with banks.
Moreover, after the first two weeks this year when, as we had expected, demand for foreign currency went up substantially, the NBS intervened in the Interbank Foreign Exchange Market session on one day only. Do we need another proof that the exchange rate is freely formed? Last year's inflation of 6.5% in Serbia matches the level achieved by its neighbours.