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Sep 12, 2023 13:19 EEST
September 12 (SeeNews) - Gross foreign exchange (FX) reserves held by Serbia's central bank amounted to 23.623 billion euro ($25.4 billion) at the end of August, rising by 489.5 million euro from a month earlier, the central bank said on Tuesday.
The increase was primarily the result of the central bank's net foreign currency purchases on the domestic market in the amount of 315 million euro, and the use of loans by Serbia in the net amount of 204.2 million euro, the National Bank of Serbia (NBS) said in a statement.
The volume of trading on the interbank FX market increased by 46.3 million euro in August month-on-month, reaching 602 million euro.
Net FX reserves - total reserves less banks' FX balances on account of required reserves and other requirements - amounted to 19.476 billion euro at the end of August, up by 543.9 million euro from the end of July.
$ = 0.9305 euro
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