Foreign exchange market and short overview of the most traded currencies

Author: Vesna Trajkovska

Foreign exchange market in the RM represents a significant segment of the entire financial market and national economy and it is marked with the gradually growth. It is characterized with stable denar rate and enhanced income which in addition appeared as a result of the improved business climate, new capacities that are export oriented and foreign investments in the country. NBRM as a supporter of the commercial banks on a daily level is publishing data for the entire foreign exchange traffic that are obtained. For example the traffic in the first half of September 2018 (353 million euro’s) is approximately the similar as the total traffic in the previous two months in total (380 million euro’s). Such situation outcome as the result of the increased foreign trade exchange which in addition pull out larger amount of the currently present amount of foreign currencies, increased traffic of the foreign exchange market and commercial banks with NRBM.

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Coffee with ACI friends

Dear Colleagues, ACI Friends,

ACI Macedonia – Association of Financial Markets is honored to invite you on coffee meeting in the coffee shop ‘’VINIL’’. Coffee shop is situated on the boulevard, ‘’Partizanski Odredi’’ No.14 oppose with the church ‘’Soborna Crkva’’ in Thursday 08.11.2018 with the beginning in 17.00 o clock.

You are welcome to spent time together and exchange experiences, thoughts over actual professional topics.

It will be our pleasure to see you there.

Perpetual bond

Author: Elena Kuzmanovska

On 20th September, 2018 Securities and Exchange Commission in Macedonia Banking Association presented new instrument in the capital market – perpetual bonds.

Тhe Commission recognized perpetual bonds as securities during June, 2018. Perpetual bonds do not have maturity date, therefore they are perpetual i.e “eternal”. These financial instruments can be included in Additional Tier I capital according to Decision on amending the Decision on the methodology for determining the capital adequacy (Official Gazette of the Republic of Macedonia No. 218/16).

In financial world, when talking about perpetual bonds, we consider financial instrument between bond and equity. On one hand, perpetual bonds do not have maturity date (perpetual) i.e they have no maturing principal that should be paid on some fixed date in the future, characteristic in which they resemble to equity. On the other hand, holder of the bond receives the income in form of coupons, in regular monthly instalments in fixed amount and do not have voting rights, characteristics in which they resemble to bonds.

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ACI Macedonia – New Visual Identity

ACI Macedonia introduces a redesigned website.

Here you can find all current information linked with the banking sector, as well all the questions connected with education and training. On our website you might find very useful information that could be exchanged publicly with the site members.

Enjoy and be informed.