Angelovska-Bezhoska: Denar exchange rate is stable, foreign exchange reserves are adequate

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The exchange rate has been stable for years and will be stable in the future. The guarantee for that is the high level of foreign reserves, but also many other instruments available to the central bank that it will not hesitate to use in defense of the exchange rate, said the Governor of the National Bank, Anita Angelovska-Bezhoska in an interview with TV 24. She points out that a stable denar exchange rate is the most optimal strategy appropriate for the economy.

“This is not just the position of the National Bank. This is the position of international financial institutions. Recently, the International Monetary Fund made clear its position, stating that the Denar exchange rate is stable, that exchange rate stability is the key anchor to overall macroeconomic stability, and that the central bank has an adequate level of foreign exchange reserves to defend exchange rate stability,” said the governor.

Governor Angelovska-Bezhoska points out that the main instruments that protect the stability of the exchange rate – foreign exchange reserves, are maintained at an all-time high.

 

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