Bloomberg News

Three Serbian Central Bank Council Members Step Down

August 07, 2012

Three members of the Governor’s Council of the National Bank of Serbia resigned today, saying a new law violates the central bank’s independence.

Council Chairman Bosko Zivkovic and members Milojko Arsic and Zorica Mladenovic sent their letter of resignation to the Parliament speaker in Belgrade, saying the new amended central bank law “grossly violates basic internationally accepted principles of the autonomy and independence of a central bank from the government or individual interest groups.”

They stepped down after Governor Dejan Soskic resigned on Aug. 2 and Vice Governor Bojan Markovic quit his post yesterday.

To contact the reporter on this story: Gordana Filipovic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

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