Serbian parliament starts debating on new central bank law.

By bne IntelliNews June 14, 2010
The Serbian parliament started debating on a new law, regulating the operations of the central bank, local media reported. Outgoing NBS governor Radovan Jelasic said the bill was created to strengthen the independence of the central bank and its officials. The bill envisages that the governor will be elected by the country's president instead of the parliament's finance committee. Also, NBS' monetary policy committee will be replaced by an executive committee, a body that will comprise of the governor and the deputy governors. Jelasic resigned late in March, citing personal reasons, and the nominee for his replacement is NBS council chairman Dejan Soskic.

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