Recent Activities

19. April 2018.

Limited Results on Forex

New Forex Law, adopted in Serbian Parliament on April 19, brings limited improvement.

Speaking more concretely about FIC recommendations, only 10% were adopted, with main ones not being incorporated, assessment by the Legal Committee Vice President shows. Important recommendations that were not incorporated include those related to exchange operations, namely giving authority to the National Bank of Serbia to issue or revoke decision on the issue of authorization to perform exchange operations, instead of Tax Administration, as well as other authorizations regarding depositing foreign exchange, foreign cash, cheques and securities, temporarily seized under well-founded suspicion that a criminal or another offence has been committed, buying from or selling to natural persons foreign cash and cheques denominated in foreign currency without the authorization etc. FIC had representatives in the working group for the Amendments of the Law on Forex, and had active approach towards the Government and other stakeholders including the EU, and this issue remain among FIC priorities for the upcoming period.