06/11/2026

Notice on the procedure to be followed by authorised exchange dealers with contracts concluded with Alta banka

Following the delicensing of Alta banka a.d. Beograd by the NBS on 30 October 2026, authorised exchange dealers with contracts on the conduct of exchange operations concluded with Alta banka are to take the following steps once they conclude such contracts with another bank:

• In order to fulfil the obligation laid down in Section 15 of the Decision on Terms and Manner of Performing Exchange Operations, if authorised exchange dealers purchased foreign cash from Alta banka by 30 October 2026 pursuant to Section 14 of the Decision to ensure an adequate currency structure, the obligation under Section 15 of the Decision (sale of foreign cash previously purchased from the bank) shall be fulfilled by selling foreign cash to another bank, once they establish a contractual relationship with that bank, within 15 or 30 days of the date of purchase of the foreign cash, pursuant to the provision of the Decision in force on the date of purchase, for the purpose of returning the foreign cash into banking channels. On that occasion, an authorised exchange dealer should provide the other bank with documentation evidencing that it purchased the foreign cash in question from Alta banka a.d. Beograd, together with details of the amount of the foreign cash;
• In order to fulfil the obligation laid down in Section 16 of the Decision, authorised exchange dealers with contracts on the conduct of exchange operations concluded exclusively with Alta banka a.d. Beograd shall fulfil the obligation under Section 16 of the Decision (to sell to the bank at least 80% of the total net amount of foreign cash purchased in the previous week) by selling foreign cash to another bank once they establish a contractual relationship with that bank.

Department for FX Matters and Foreign Credit Relations