National Bank of the Republic of North Macedonia reiterates commitment to the fixed denar to euro exchange rate

In an interview with the Macedonian Information Agency, the Governor of the National Bank of the Republic of North Macedonia, Trajko Slaveski, reaffirmed that the stability of the denar will not be put into question and that the fixed exchange rate will remain the key anchor of the country’s macroeconomic stability. He argued that the exchange-rate regime is supported by successive governments, the business community, experts and international institutions, and noted that calls for changing the exchange rate have faded. Any intervention in the denar’s parity against the euro would, in his assessment, cause significant damage with almost no benefit given the high openness of the economy. Slaveski urged households and businesses to remain calm, saying savings and plans are safe in a stable and predictable financial system, and pointed to a well-capitalised banking sector and the central bank’s supervisory capacity as supports for financial stability. He also highlighted ongoing cooperation with international financial institutions and priorities to preserve independence and strengthen institutional and human capacity.