The National Bank of Serbia adopted a temporary measure removing exchange offices’ ability to charge a commission when selling euros to citizens, aiming to protect citizens’ interests and prevent unjustified psychological pressure on the foreign exchange market. The measure follows the central bank’s assessment that the middle exchange rate of the Serbian dinar (RSD) against the euro (EUR) is stable, that banks have not changed their buy and sell rate ranges on digital platforms, and that most exchange offices apply selling rates below levels that have occasionally appeared in public. It highlighted that a rate of around RSD 120 per EUR shown at certain exchange offices could only arise by combining the maximum permitted 1.25% deviation of the selling rate from the middle rate with the maximum statutory commission of 1%. With commissions no longer allowed, the central bank expects there to be no basis for displaying selling rates that could have a disturbing or misleading psychological effect. The measure has no predetermined end date and will remain in force as long as market circumstances require; the National Bank of Serbia will monitor conditions and decide on withdrawal once it considers the situation fully stabilised.
National Bank of Serbia 2025-12-16
National Bank of Serbia temporarily bans exchange-office commissions on euro sales to citizens
The National Bank of Serbia has temporarily prohibited exchange offices from charging commissions on euro sales to protect citizens and prevent pressure on the foreign exchange market. This decision follows an assessment that the Serbian dinar's exchange rate against the euro is stable, and selling rates at exchange offices are generally below publicized levels. The measure will remain in effect until market conditions stabilize, with ongoing monitoring by the central bank.