This demonstrates our strong will to be transparent. Our commitment for transparency has been actually more and more acknowledged. This is reflected in the evidence of the first five and a half years (supported by recent empirical work) which suggests that we have been highly predictable in our decisions - at least as much as other very influential central banks.
This is how we have been calculating the exchange rate day-by-day since March this year, and the last time the NBS was active on the foreign exchange market was 5 months ago! Yes, I admit that I also had the “fear of floating”, which was widely present in Serbia, but we have done it just the same and done it successfully!