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Serbian c-bank FX reserves rise in May

Jun 13, 2024, 9:43:22 AMArticle by Iskra Pavlova
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June 13 (SeeNews) - The gross foreign exchange (FX) reserves held by Serbia's central bank rose to a record-high 25.157 billion euro ($27.082 billion) at the end of May, up by 27.9 million euro compared to a month earlier, the central bank said.

Serbian c-bank FX reserves rise in May
Source: BNM.md

Net foreign exchange reserves, which are the gross reserves minus banks' foreign exchange assets due to reserve requirements, IMF obligations, and other factors, were also at a record high, of 20.972 billion euro, rising by 50.5 million euro from the end of April, the National Bank of Serbia (NBS) said in a statement on Wednesday.

The end-May gross reserves covered 172.1% of M1 money supply and 6.7 months worth of the country's imports and exports of goods and services.

($ = 0.929 euro)

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