BELGRADE – The central bank’s governor Jorgovanka Tabakovic said on Wednesday that the dinar’s slide to a level somewhat higher than RSD 123 per euro was not a cause for concern, this being the result of seasonal effects.

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“In January 2015, the rate also stood at around RSD 123. At the moment, there is a stronger need for paying and importing energy-generating products,” Tabakovic said after signing with Dean of the Faculty of Economics Branislav Boricic a memorandum of understanding between the two institutions.

Speaking about the impact of big central banks, the governor said Serbia was much more affected by the policy of the Fed than that of the European Central Bank (ECB).

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