January 11 (SeeNews) - The foreign exchange reserves held by Serbia's central bank amounted to 19.416 billion euro ($20.898 billion) at the end of December, up by 214.8 million euro compared to a month earlier, the central bank said on Wednesday.
The December increase in gross forex reserves is attributable to the inflows from the Abu Dhabi Development Fund and the central bank's activity on the domestic FX market, the central bank said in a statement.
The foreign exchange reserves include the first tranche of funding under the standby arrangement approved by the IMF in December, totalling 985.6 million euro. The volume of trading on the interbank FX market increased to 998.3 million euro in December, up 110.7 million euro on the previous month.
Serbia's central bank sold 5.54 billion euro net in 2022 to maintain the stability of the exchange rate of the dinar against the euro and alleviate the difficulties caused by the energy crisis.
Net FX reserves (total reserves less banks' FX balances on account of required reserves and other requirements) amounted to 15.427 billion euro at the end of December, up by 120.7 million euro from the end of November.
$ = 0.9295 euro