New Year’s note from the National Bank Governor: Building resilience, key to dealing with crises


The global economic scene in 2023 was characterized by resilience and adaptability, as countries sought to ensure inclusive growth and stability. The measures taken by the National Bank in the past period bore fruit. This year, inflation continues to slow down from 19.8% in October last year, to 3.1% in November this year.

Foreign exchange reserves are growing and in November they reached the level of 3.9 billion euros, as a strong support for maintaining the stability of the exchange rate of the denar. The stability of the banking sector was maintained, primarily thanks to regulatory requirements and measures taken by the National Bank in the past years to strengthen capital and liquidity.

I wish you a lot of success and health in the New Year, wrote the NBRM Governor Anita Angelovska-Bezhoska in her note.


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