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Monetary Policy | Public Debt Servicing | Bond Trading

Bond Trading

Trading in foreign currency savings bonds is carried out on the Belgrade Stock Exchange by members of the BSE – stock exchange intermediaries who are also members of the Central Securities Depository and Clearing House.

A foreign or domestic legal entity or natural person wishing to engage in trading in foreign currency savings bonds must have:

  • a foreign currency account with a domestic commercial bank;
  • a securities (bonds) account with the Central Securities Depository;
  • an intermediation agreement with stock exchange intermediaries trading in bonds in the name and on behalf of their clients (buyers and sellers).

Domestic legal entities and entrepreneurs, domestic natural persons and citizens temporarily working abroad, as well as foreign legal entities and natural persons, may engage in buying and selling bonds on the financial foreign currency stock exchange, on condition that the foreign currency obtained by selling on the stock exchange is deposited to their foreign currency account. Foreign currency obtained from selling at the stock exchange, as well as from the collection of matured bonds, may be freely transferred abroad by the foreign natural person or legal entity, in accordance with Articles 10 and 11 of the Law on the Settlement of Public Debt of the Federal Republic of Yugoslavia Arising From Foreign Currency Savings of Citizens , FRY Official Gazette, No. 36/2002).

Foreign currency savings bonds may also be traded off the stock exchange.

Pursuant to the Decision on the Issue of the Republic of Serbia Bonds for the Purpose of Meeting the Obligations Arising from the Citizens' Foreign Exchange Savings Deposits (RS Official Gazette Nos. 48/2002 and 56/2002), owners of A series and B series bonds issued by FR Yugoslavia may exchange those bonds for the bonds issued by the Republic of Serbia at the Central Securities Depository.

Related Topics...
Reports of the Belgrade Stock Exchange on the Trading in Foreign Exchange Savings Bonds