Serbian c-bank's FX reserves rise to 25 bln euro in Jan

The increase was chiefly driven by the net allocation of mandatory foreign exchange reserves of banks in the amount of 157.3 million euro, the National Bank of Serbia (NBS) said in a statement.

Net FX reserves, calculated as total reserves minus banks' FX balances related to required reserves and other obligations, amounted to 20.680 billion euro at the end of January, down by 104.7 million euro from the end of December.

($ = 0.9286 euro)