Serbian central bank says Dinar savings more profitable than Euro

MUP Srbije

The National Bank of Serbia (NBS) said on Monday that savings in Dinars and hard currency totaled 14.3 billion Euro at the end of September, adding that savings in the national currency are more profitable.

“Dinar and FX savings continue growing … pointing to the maintained confidence in the national currency and the domestic financial system,” a press release said and added that savings in Dinars increased five times over the past 10 years while hard currency savings grew by around 70 percent.

It said that an NBS analysis showed that saving in Dinars is more profitable than in hard currency due to higher interest rates and tax benefits.