The National Bank of Serbia (NBS) is in the final phase of developing IT solutions and working with banks in Serbia to adapt their ICT systems for use of electronic promissory notes which should start in the first half of 2023.
The central bank estimates that using electronic promissory notes will lead to additional savings, both for companies and individuals, given the importance that promissory notes, as a special type of securities, have in everyday life. primarily as a type of collateral for business deals.
Enabling the use of electronic promissory notes in a secure manner will also lead to certain processes in the financial sector becoming fully digitized.
The Foreign Investors Council (FIC), the American Chamber of Commerce in Serbia and NALED launched an initiative to introduce electronic promissory notes in late 2020.
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