Decisions on monetary policy

Interest rates

Decision on the Key Policy Rate of the National Bank of Serbia
^NEW
Decision on Interest Rates Applied by the National Bank of Serbia in Implementation of Monetary Policy
Decision on the Manner of Calculation, Collection and Payment of Interest by the National Bank of Serbia
RS Official Gazette, No. 45/2011, 98/2012, 125/2014 and 77/2023
Decision on the National Bank of Serbia Discount Rate
RS Official Gazette, Nos104/2009, 17/2010 and 31/2010

BEONIA (Belgrade OverNight Index Average)

Required reserve

Decision on Banks` Required Reserves with the National Bank of Serbia
RS Official Gazette, No. 76/2018 and 77/2023
Guidelines for Implementing the Decision on Banks’ Required Reserves with the National Bank of Serbia
RS Official Gazette, No. 76/2018, 21/2019, 102/2020, 3/2021, 66/2021 and 77/2023
- Annexes

Monetary agregates

Instruction on Bank Data Reporting for the Purpose of Monitoring Selected Monetary Flows
- MA Form

Open market operations

Decision on Terms and Manner of Issue and Sale of Short-term Securities
RS Official Gazette, No. 45/2011
Decision Determining the Main Open Market Operations
RS Official Gazette, No. 119/2012
Decision оn the Conditions and Manner of Implementing Open Market Operations
RS Official Gazette, No. 45/2011, 34/2013, 74/2020, 98/2020 and 4/2022
Guidelines on Implementing Auction Purchase/Sale of Securities
RS Official Gazette, No. 46/2011 and 41/2013
Master Repo Agreement
Master Agreement on the Outright Purchase and Sale of Securities

Standing facilities

Loan facilities
Decision оn the Conditions and Manner of Extending Daily Liquidity Credits to Banks Against a Collateral of Securities
RS Official Gazette, Nos 52/2008, 40/2010, 3/2011, 18/2011, 34/2013, 8/2019, 74/2020 and 98/2020
Instruction for the Implementation of Decision оn Conditions and Manner of Extending Daily Liquidity Credits to Banks Against a Collateral of Securities
RS Official Gazette, No. 52/2008 and 41/2013
List of Banks’ Unique Codes for Payment Orders
Guidelines implementing the decision on the conditions and manner of extending daily liquidity loans to banks against the collateral of securities
RS Official Gazette, No. 21/2019
- Annexes
Deposit facilities
Decision on Terms and Conditions of Depositing Excess Liquidity With the National Bank of Serbia by Banks
RS Official Gazette, Nos 48/2004, 60/2007, 35/2008 and 73/2008

Short-term loans

Decision on Terms and Manner of Granting Emergency Liquidity Assistance Loans to Banks
RS Official Gazette, No. 61/2015
Decision on Terms and Conditions of Granting Short-Term Liquidity Loans Against Collateral of Securities
RS Official Gazette, Nos 95/2010, 3/2011, 18/2011, 98/2012, 34/2013, 8/2019, 74/2020 and 98/2020
Guidelines Implementing the Decision on Terms and Conditions of Granting Short-Term Liquidity Loans Against the Collateral of Securities
RS Official Gazette, No. 21/2019
- Annexes

Upward/downward haircut to the nominal value of securities

Decision Determining the Upward/Downward Haircut to the Nominal Value of Securities

Criteria for eligibility of securities in monetary operations

Decision on the Criteria for Eligibility of Securities Issued by Domestic Companies in Monetary Operations of the National Bank of Serbia

Exchange rate policy, foreign exchange market

Decision on the Dinar Exchange Rate Regime
RS Official Gazette, No. 95/2010
Decision on Operating Terms and Procedures in the Foreign Exchange Market
RS Official Gazette, No. 10/2011, 109/2012, 55/2014, 51/2015, 17/2016, 91/2016, 82/2017, 37/2018, 86/2018 and 67/2020
Decision on Terms and Conditions of Foreign Exchange Swap Trading between the National Bank of Serbia and Banks
RS Official Gazette, Nos 10/2011 and 18/2012
Decision on Terms and Conditions of Foreign Exchange Spot Trading between the National Bank of Serbia And Banks
RS Official Gazette, Nos 10/2011 and 18/2012
Decision on Types of Foreign Exchange and Foreign Cash to be Purchased and Sold in the Foreign Exchange Market
RS Official Gazette, No 3/2018, 65/2019, 107/2021 and 111/2022
Decision on Performance of Financial Derivative Transactions
RS Official Gazette, No. 76/2018
- Annexes 1 - 3
- Annexes 4 - 5

Dinar savings

Decision on Reporting to the National Bank of Serbia on the Stock of Household Dinar Savings Deposits with Banks
RS Official Gazette, No. 98/2016, 114/2017 and 21/2019
- Form

Foreign currency savings

Decision on Submission of Bank Data to The National Bank of Serbia for Purposes of Monitoring Foreign Currency Savings Deposits with Banks
RS Official Gazette, No. 124/2012, 114/2017 and 21/2019
- Annexes

Monetary policy programme

2024 - Decision
RS Official Gazette, No. 110/2023
- Programme
2023 - Decision
RS Official Gazette, No. 137/2022
- Programme
2022 - Decision
RS Official Gazette, No. 119/2021
- Programme
2021 - Decision
RS Official Gazette, No. 149/2020
- Programme
2020 - Decision
RS Official Gazette, No. 88/2019
- Programme
2019 - Decision
RS Official Gazette, No. 96/2018
- Programme
2018 - Decision
RS Official Gazette, No. 111/2017
- Programme
2017 - Decision
RS Official Gazette, No. 98/2016
- Programme
2016 - Decision
RS Official Gazette, No. 102/2015
- Programme
2015 - Decision
RS Official Gazette, No. 135/2014
- Programme
2014 - Decision
RS Official Gazette, No. 109/2013
- Programme
2013 - Decision
RS Official Gazette, No. 119/2012
- Programme
2012 - Decision
RS Official Gazette, No. 93/2011
- Programme
2011 - Decision
RS Official Gazette, No. 95/2010
- Programme
2010 - Decision
RS Official Gazette, No. 104/2009
- Programme
2009 - Decision
RS Official Gazette, No. 116/2008
- Programme
2008 - Decision
RS Official Gazette, No. 117/2007
- Programme
2007 - Decision
RS Official Gazette, No. 116/2006
- Programme
2006 - Decision
RS Official Gazette, No. 113/2005
- Programme
2005 - Decision
- Programme
2004 - Decision
- Programme
2003 - Decision
2002 - Decision
2001 - Decision
FRY Official Gazette, No. 73/2000