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Croatia c-bank's FX reserves up 5.6% m/m in May

Jun 14, 2024, 2:23:02 PMArticle by Annie Tsoneva
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June 14 (SeeNews) - The foreign exchange (FX) reserves held by Croatia's central bank amounted to 1.442 billion euro ($1.540 billion) at the end of May, up from 1.365 billion euro a month earlier, it said on Friday.

Croatia c-bank's FX reserves up 5.6% m/m in May
Photo: Croatian central bank, HNB

At the end of May, the forex reserves were lower than they had been a year earlier, when they totalled 1.492 billion euro, the central bank said in a data release.

The total reserve assets of Croatia's central bank rose to 2.840 billion euro at the end of May from 2.774 billion euro a month earlier, but declined compared to the end of May 2023, when they totalled 2.916 billion euro.

Croatia had no gold reserves at the end of May.

Its special drawing rights (SDRs) amounted to some 1.209 billion euro in May, down from 1.220 billion euro in April, and lower than 1.233 billion euro in May 2023.

Croatia's reserve position in the International Monetary Fund (IMF) was 0.5 million euro unchanged on a monthly and annual comparison basis.

($ = 0.935 euro)

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