Regulatory Alerts2013-11-14
Decision on Terms and Conditions of Performing Foreign Credit Transactions in Dinars
The National Bank of Serbia issued this Decision to regulate the terms under which foreign creditors may grant dinar-denominated credits to resident borrowers and how banks may extend such loans to non-residents. The regulation mandates that these credits be extended without foreign currency clauses, establishes specific maturity periods and repayment schedules, and permits currency conversion changes for certain international financial organizations. This Decision supersedes previous regulations and entered into force on the eighth day following its publication in the Official Gazette.
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