BELGRADE (Serbia), September 16 (SeeNews) – Serbia’s foreign exchange reserves rose 6.4% month-on-month to 10.581 billion euro ($15.511 billion) in August on an IMF allocation of funds, the central bank, NBS, said on Wednesday.
Reserves rose as NBS received an allocation of 380.4 million euro in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) in support of narrowing its budget gap, NBS said in a statement.
Serbia’s foreign exchange reserves totalled 9.9 billion euro at the end of July this year and 9.984 billion euro at the end of August 2008.
Serbia’s foreign exchange reserves (in billions of euro):
|
End-August |
End-July |
TOTAL |
10.581 |
9.900 |
Central bank |
9.559 |
9.184 |
Commercial banks |
1.023 |
0.716 |
($=0.6814 euro)