Skopje, 23 September 2002
Press release of the NBRM
In regard to the statement of the SDSM spokesman, Jani Makraduli, given at the press conference held on September 20, 2002, where he calls the management of the National Bank of the Republic of Macedonia to be loyal to the country, the NBRM management announced that it has been continuously proving its loyalty to the state in the last four years, whenever there were cases of shocks caused by internal or external factors that could have caused hyper-inflation or systemic crisis in the banking system. The best proof of the loyalty of the management of the National Bank of the Republic of Macedonia to the state is the fact that in the past few years Macedonia has had stable prices and furthermore, Macedonia was one of the rare countries in transition that managed to avoid systemic banking crisis.
The management of the National Bank of the Republic of Macedonia also proved its loyalty during the pre-election campaign when the ruling parties, and also some parties from the opposition, spent large amounts of money, and yet NBRM managed to maintain the price stability and the Denar exchange rate.
On behalf of the NBRM management
Ljube Treski Governor
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