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2025-11-21

Decision on Types of Foreign Exchange and Foreign Cash to be Purchased and Sold in the Foreign Exchange Market

The Executive Board of the National Bank of Serbia issued this Decision to define the specific types of foreign exchange and foreign cash that may be traded in the Serbian foreign exchange market. The regulation authorizes banks, the central bank, licensed exchange dealers, and the public postal operator to purchase and sell a comprehensive list of 24 currencies, with the National Bank of Serbia restricted to trading only the Euro, US dollar, and Swiss franc in physical cash form. This instrument repeals previous decisions and entered into force on 1 February 2018.

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RS Official Gazette, Nos 3/2018, 65/2019, 107/2021, 111/2022 and 101/2025 Pursuant to Article 14, paragraph 1, item 9 and Article 45, paragraph 2 of the Law on the National Bank of Serbia (RS Official Gazette, Nos 72/2003, 55/2004, 85/2005 – other law, 44/2010, 76/2012, 106/2012, 14/2015 and 40/2015 – Constitutional Court decision), with reference to Article 38 of the Law on Foreign Exchange Operations (RS Official Gazette, Nos 62/2006, 31/2011, 119/2012 and 139/2014), the Executive Board of the National Bank of Serbia hereby issues DECISION ОN THE TYPES OF FOREIGN EXCHANGE AND FOREIGN CASH PURCHASED AND SOLD IN THE FOREIGN EXCHANGE MARKET

  1. This Decision sets forth the types of foreign exchange and foreign cash that may be purchased and sold in the foreign exchange market by banks, the National Bank of Serbia and the public postal operator – resident performing exchange operations based on a separate law governing its activity (hereinafter: public postal operator), as well as by resident legal entities and entrepreneurs licensed to perform exchange operations (hereinafter: licensed exchange dealers).
  2. Banks may purchase and sell the following types of foreign exchange and foreign cash in the foreign exchange market:
  1. Australian dollar (AUD),
  2. Canadian dollar (CAD),
  3. Chinese yuan renminbi (CNY),
  4. Czech koruna (CZK),
  5. Danish krone (DKK),
  6. Hungarian forint (HUF),
  7. Japanese yen (JPY),
  8. Kuwaiti dinar (KWD),
  9. Norwegian krone (NOK),
  10. Russian rouble (RUB),
  11. Swedish krona (SEK),
  12. Swiss franc (CHF),
  13. Pound sterling (GBP),
  14. US dollar (USD),
  15. Romanian leu (RON),
  16. Turkish lira (TRY),
  17. Convertible mark (BAM),
  18. Euro (EUR),

2 20) Polish zloty (PLN), 21) Belarusian rouble (BYN), 22) Indian rupee (INR), 23) UAE dirham (AED), 24) Macedonian denar (MKD). 3. The National Bank of Serbia may purchase and sell the following types of foreign exchange in the foreign exchange market:

  1. Australian dollar (AUD),
  2. Canadian dollar (CAD),
  3. Chinese yuan renminbi (CNY),
  4. Czech koruna (CZK),
  5. Danish krone (DKK),
  6. Hungarian forint (HUF),
  7. Japanese yen (JPY),
  8. Kuwaiti dinar (KWD),
  9. Norwegian krone (NOK),
  10. Russian rouble (RUB),
  11. Swedish krona (SEK),
  12. Swiss franc (CHF),
  13. Pound sterling (GBP),
  14. US dollar (USD),
  15. Romanian leu (RON),
  16. Turkish lira (TRY),
  17. Convertible mark (BAM),
  18. Euro (EUR),
  19. Polish zloty (PLN),
  20. Belarusian rouble (BYN),
  21. Indian rupee (INR),
  22. UAE dirham (AED),
  23. Macedonian denar (MKD). The National Bank of Serbia may purchase and sell the following types of foreign cash in the foreign exchange market:
  24. Euro (EUR),
  25. US dollar (USD),
  26. Swiss franc (CHF).
  1. When performing exchange operations, a licensed exchange dealer, as well as the public postal operator, which has entered into an agreement on the performance of exchange operations with a bank and/or several banks

3 may purchase and sell the following types of foreign cash in accordance with such agreement and the regulation on the terms and conditions for performing exchange operations:

  1. Australian dollar (AUD),
  2. Canadian dollar (CAD),
  3. Chinese yuan renminbi (CNY),
  4. Czech koruna (CZK),
  5. Danish krone (DKK),
  6. Hungarian forint (HUF),
  7. Japanese yen (JPY),
  8. Kuwaiti dinar (KWD),
  9. Norwegian krone (NOK),
  10. Russian rouble (RUB),
  11. Swedish krona (SEK),
  12. Swiss franc (CHF),
  13. Pound sterling (GBP),
  14. US dollar (USD),
  15. Romanian leu (RON),
  16. Turkish lira (TRY),
  17. Convertible mark (BAM),
  18. Euro (EUR),
  19. Polish zloty (PLN),
  20. Belarusian rouble (BYN),
  21. Indian rupee (INR),
  22. UAE dirham (AED),
  23. Macedonian denar (MKD).
  1. This Decision repeals the Decision on the Types of Foreign Exchange and Foreign Cash to Be Purchased and Sold in the Foreign Exchange Market (RS Official Gazette, Nos 98/2012, 143/2014, 51/2015 and 101/2017).
  2. This Decision is published in the Official Gazette of the Republic of Serbia and enters into force on 1 February 2018. NBS EB No 12 Chairperson 11 January 2018 Executive Board of the National Bank of Serbia Belgrade Governor National Bank of Serbia Dr Jorgovanka Tabaković, sgd.
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