Dragoslav Avramović (14 October 1919, in

Skopje Skopje ( , ; ; , sq-definite, Shkupi) is the capital and largest city of North Macedonia. It lies in the northern part of the country, in the Skopje Basin, Skopje Valley along the Vardar River, and is the political, economic, and cultura ...

– 26 February 2001, in

Rockville, Maryland Rockville is a city in and the county seat of Montgomery County, Maryland, United States, and is part of the Washington metropolitan area. The 2020 United States census, 2020 census tabulated Rockville's population at 67,117, making it the fourth ...

) was a Serbian

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and the governor of the

National Bank of Yugoslavia The National Bank of Yugoslavia (NBY, ) was the central bank of Yugoslavia, succeeding the National Bank of the Kingdom of Serbia in Belgrade in 1920. It was formally known as the National Bank of the Kingdom of Serbs, Croats and Slovenes until ...

Biography

Born in 1919 in

where he finished high school in 1937. He graduated in 1941 in

Belgrade Belgrade is the Capital city, capital and List of cities in Serbia, largest city of Serbia. It is located at the confluence of the Sava and Danube rivers and at the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. T ...

Faculty of Law and obtained a PhD in 1956. He worked in the National Bank of Yugoslavia from 1951 to 1953. Avramović continued his career in the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

where he stayed until 1977 and held a number of important positions. From 1980 to 1984, he held the position of the adviser to the secretary general of UN Conference for Trade and Development (

UNCTAD UN Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade. It was established in 1964 by the United Nations General Assembl ...

). His last professional position (from 1984 to 1988) was that of an economic adviser in the Bank for Trade and Development in

Washington Washington most commonly refers to: * George Washington (1732–1799), the first president of the United States * Washington (state), a state in the Pacific Northwest of the United States * Washington, D.C., the capital of the United States ** A ...

. He became widely known when in January 1994 his economic program stopped the

hyperinflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimiz ...

in Federal Republic of Yugoslavia and the Yugoslav dinar got into 1:1 parity with the

Deutsche Mark The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it ...

. From 2 March 1994 to 15 May 1996, he was the governor of the National Bank of Yugoslavia and the main coordinator of the national economic, social and financial program from 1995 to 1997. All of this brought him huge popularity and according to opinion polls he was the second most popular public figure in

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

at the time. He resigned in the wake of massive demonstrations against the regime of

Slobodan Milošević Slobodan Milošević ( sr-Cyrl, Слободан Милошевић, ; 20 August 1941 – 11 March 2006) was a Yugoslav and Serbian politician who was the President of Serbia between 1989 and 1997 and President of the Federal Republic of Yugos ...

. In the late 1990s, he was one of the leaders of the opposition alliance ''Savez za promene''. Avramović became a corresponding member of the Serbian Academy of Arts and Sciences in 1994. He died in Rockville,

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

in 2001 and was soon afterwards buried in

References

External links

Biography (in Serbian)

''Glas javnosti''

{{DEFAULTSORT:Avramovic, Dragoslav 1919 births 2001 deaths Businesspeople from Skopje Serbs of North Macedonia 20th-century Serbian economists Serbian bankers Yugoslav economists World Bank people Governors of the National Bank of Yugoslavia Members of the Serbian Academy of Sciences and Arts Yugoslav officials of the United Nations United Peasant Party politicians Burials at Belgrade New Cemetery