NBS: Dinar Savings on the Rise, Foreign Currency Deposits Reach €15.9 Billion

The National Bank of Serbia reports significant growth in dinar savings, reflecting increased public confidence in the local currency and financial system

Marking World Savings Day, the National Bank of Serbia (NBS) announced that both dinar and foreign currency savings are growing, with a particularly strong rise in dinar deposits. Over the past 13 years, dinar savings have increased more than elevenfold.

According to NBS data, household dinar savings have risen by 14.5 billion dinars this year, or 7.6 percent, reaching around 206 billion dinars by the end of October. Savings fixed for one year have grown, while longer-term deposits have slightly declined.

Foreign currency savings have also shown steady growth, doubling compared to September 2012, and totaling €15.9 billion as of September this year.

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