Skopje, 26 March 2025
The stability of the Denar exchange rate, which is maintained thanks to the credible and consistent policies, is one of the key factors for maintaining the credit rating of our country. This is indicated in the latest report of the credit rating agency Fitch, in which the country's rating was reaffirmed at the "BB+" level with a stable outlook.
The report indicates that the exchange rate of the domestic currency remains stable. The forecasts of the credit rating agency Fitch suggest that the foreign reserves cover 4.3 months of the imports forecasted for 2025 - 2026, which supports the stability of the fixed exchange rate of the denar against the euro. The current account deficit is in line with the ten-year average, while the inflows of foreign direct investment are at their highest level in the past seventeen years. Fitch assesses that this source of financing will be adequate for further covering the current account deficit also in the following period.
Fitch assesses that the banking sector remains stable and profitable. The banking system is well capitalized, highly liquid and with a high-quality credit portfolio, whereby non-performing loans amount to only 2.9%.
{{Title}}
{{Intro}}
{{{Content}}}
{{#hasElements Images}}
{{#each Images}}
{{#showInline ShowInGallery IsThumbNail}}
{{{dataImg this params="?width=886"}}}
{{/showInline}}
{{/each}}
{{#each Images}}
{{#showInline ShowInGallery IsThumbNail}}
{{{dataImg this params="?width=200&height=100"}}}
{{/showInline}}
{{/each}}
{{/hasElements}}