Biography of Governor Jorgovanka Tabaković

Jorgovanka Tabaković was born on 21 March 1960 in Vučitrn. From 1981 until 1989 she taught economics-related subjects in the Secondary Economics School in Priština. In the following two years, she worked as a financial director in the trading company “Grmija“.

In early 1992, she was employed by Prištinska banka a.d., part of the Beogradska banka system, as the Deputy General Manager and continued to work in the banking industry until 1999. From 1999 until her appointment as Governor, she worked in the telecommunications company “Telekom Srbija”.

She defended her MSc thesis “Reform of the Banking System of Yugoslavia” at the Priština Faculty of Economics in 1999. In 2008 she submitted a doctoral thesis proposal entitled “Central Bank Instruments – Reaches and Limitations on the Example of the Republic of Serbia”. She took her PhD in economics in May 2011.

She was elected a Member of Parliament in six parliamentary convocations – three times from 1993 to 2000, and three times from 2007 to 2012. She was appointed the Chair of the Parliament’s Finance Committee for two terms of office. From March 1998 until October 2000, she served as the Minister of Economic and Ownership Transformation in the Serbian Government.

Her book “Monetary Policy – No Final Victories” was published in 2018, “My Answers – a Contribution to the History of Banking in Serbia in 21st Century” in 2020, and “The Turning Point – Balance is the Key to Success” in 2021. In 2006 and 2007, she lectured at the Faculty of Management in Novi Sad.

She has served as the Governor of the National Bank of Serbia since August 2012. At the proposal of Aleksandar Vučić, the President of the Republic of Serbia, in June 2018 she was re-appointed by the National Assembly for another six-year term of office, starting from August 2018.

She is a widow and a mother of three: Ivana, Milena and Nikola.

The Banker, a UK monthly owned by the Financial Times, with an almost one-hundred-year tradition, declared Governor Jorgovanka Tabaković the best governor in the world and the best European governor for 2020.

The mandate of Governor Jorgovanka Tabaković is recognisable not only for price and financial stability, but also the fact that such stability is a bedrock of sustainable growth and export acceleration, elevated profitability and investment, and most notably, employment growth. Inflation was lowered from double-digit levels to those comparable with advanced economies, with citizens and businesses enjoying a prolonged period of low interest rates. Headed by Governor Tabaković, the NBS has ensured and is maintaining the relative stability of the dinar exchange rate against the euro, which was instrumental in achieving low and stable inflation and having a sound financial system, despite a number of challenges generated by the global multidimensional crisis.