The status, organisation, mandate and functions of the National Bank of Serbia (NBS), as well as its relations with other bodies of the Republic of Serbia and international organisations and institutions are regulated by the Constitution of the Republic of Serbia (RS Official Gazette, No 98/2006) and the NBS Law (RS Official Gazette, Nos 72/2003, 55/2004, 85/2005 – other law, 44/2010, 76/2012 and 106/2012 and 14/2015 – Constitutional Court decision and 44/2018).
The National Bank of Serbia is independent and autonomous in carrying out its tasks laid down by the NBS Law and other laws, and is accountable for its work to the National Assembly of the Republic of Serbia.
The primary objective of the NBS is to achieve and maintain price stability. Without prejudice to its primary objective, the NBS also contributes to maintaining and strengthening of the stability of the financial system.
The Council of the Governor consists of five members, including the president, appointed by the National Assembly on the proposal of the National Assembly’s committee in charge of finance. Members of the Council are appointed for a five-year renewable term of office.
Operations of the National Bank of Serbia are performed in its main organisational units, the Institute for Manufacturing Banknotes and Coins – Topčider, and its branches in Belgrade, Novi Sad, Niš, Kragujevac and Užice.