New Set of Decisions of the National Bank of Serbia

In February 2025, the National Bank of Serbia (NBS) adopted a new set of decisions, amending and supplementing the following regulations:

1. Decision on the Conditions and Manner of Conducting Payment Transactions with Foreign Countries;
2. Decision on the Conditions Under Which and the Manner in Which Residents May Hold Foreign Currency in Accounts with Banks Abroad;
3. Decision on the Detailed Conditions and Manner of Supervision over the Operation of Payment Systems.

 Objectives of the Decisions of the NBS:

Simplification of Transaction Execution

• Payment transactions conducted within the Single Euro Payments Area (SEPA) – which includes the European Union and certain other countries – will no longer be treated as payment transactions with foreign countries.

Harmonization of National Systems with the EU’s Supranational Payment System

• This decision aims to align national payment systems with the broader European Union standards in the field of payment transactions.

Strengthening of NBS Supervision Over Payment System Operators

• In cases of irregularities, special measures have been introduced in Article 186a of the Law on Payment Services, including the possibility of appointing a temporary representative for the supervision of the operator’s operations. Additionally, the imposition of financial penalties on operators is foreseen.

For additional information or consultations, the Tasić & Partners team is at your disposal.