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Albania’s c-bank FX reserves rise 13% y/y in May

Jun 28, 2024, 12:04:23 PMArticle by Genta Hodo
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Albania's central bank said on Friday that the foreign exchange (FX) reserves it held at the end of May totalled $5.4 billion (5 billion euro), up from $4.78 billion a year earlier.

Albania’s c-bank FX reserves rise 13% y/y in May

On a monthly comparison basis, FX reserves rose 3% in May, the central bank said in a data release.

Details of Albania's international reserves follow (in millions of US dollars):

May '24 April ‘24 May ‘23
Total international reserves 5,951 5,815 5,280
FX reserves 5,412 5,271 4,781
- currency and deposits 814 761 701
- securities 4,599 4,509 4,080
Gold 253 249 213
SDRs 251 260 252
Reserve position in the IMF 35 35 35
Financial derivatives 0.0 0.0 0.0

($ = 0.935 euro)

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