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Serbian c-bank's FX reserves up 3 bln euro ($3.4 bln) in 2021

Serbian c-bank's FX reserves up 3 bln euro ($3.4 bln) in 2021 Photo: Srbija Danas/Sasa Dzambic

BELGRADE (Serbia), January 14 (SeeNews) - The gross foreign exchange (FX) reserves held by Serbia's central bank rose by 3.0 billion euro ($3.4 billion) last year, reaching 16.5 billion euro, the central bank said on Friday.

Net FX reserves, which don't include commercial banks' FX balances on required reserves and other requirements, amounted to 13.7 billion euro at the end of December 2021, down by 231.5 million euro compared to the end-November figure, but up by 2.6 billion euro compared to December 2020, the central bank said in a statement.

Gross FX reserves were up 1.4 million euro in December compared to the previous month, the NBS said.

The volume of trading on the interbank FX market increased to 926.1 million euro in December, up by 224.9 million euro month-on-month. For the entire year, the volume came in at 6.9 billion euro.

The dinar remained virtually unchanged against the euro in December, with the central bank selling 205 million euro on the interbank market to ensure stability on the exchange rate, the central bank noted.

($ = 0.8728 euro)