Bosnia C-bank End-Oct Foreign Reserves Fall 6.3% M/M to 3.274 Bln Euro - Table

In September, the gross foreign reserves of CBBH rose by 0.4% from the previous month to 6.834 billion marka.

The central bank keeps most of its foreign reserves in currency deposits with foreign banks. In October, CBBH deposits with non-resident banks reached the equivalent of 4.580 billion marka, down from 5.169 billion marka the previous month.

Details follow (in millions of Bosnian marka):

NOTES: Gross foreign reserves consist of balance sheet positions of short-term foreign assets of CBBH (gold, CBBH SDR holdings, foreign exchange in the CBBH vault, short-term foreign exchange deposits with non-resident banks and other) and investment in long-term foreign securities according to the CBBH Investment Committee Decision from July 2006.

Net foreign reserves represent a difference between gross foreign reserves and liabilities to non-residents.

Monetary liabilities include money outside monetary authorities and deposits of residents with monetary authorities.

Net free reserves represent a difference between net foreign exchange reserves and monetary liabilities of CBBH.

The Bosnian convertible marka is pegged at a fixed exchange rate of 1.95583 per euro under a currency board system.