National Bank of Serbia scraps transaction fees on donations

During the global coronavirus pandemic, it has become apparent that the State and general public cannot fight the disease alone.  The situation does not require just sound management by the authorities, but it also requires the general public to step up and take responsibility and show a sense of duty to help.  Companies and private individuals have donated funds to the State, healthcare facilities and vulnerable categories. To encourage those wishing to donate, the National Bank of Serbia (“NBS”) adopted a Decision on Transaction Fees on Donations to Combat Covid-19 (“Decision”). Special-purpose accounts are opened for donations and these transfers […]

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