The denar exchange rate will be defended with an IMF arrangement if necessary. If the situation of the foreign exchange reserves, which dropped by 480 million euros over the past few months to 1.22 billion euros, aggravates, the Government is going to enter an arrangement with the IMF, said Finance Minister Trajko Slaveski.

Slaveski is categorical that both the Government and the National Bank are resolved to defend the exchange rate on any cost.