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Nov 13, 2017 13:08 EEST
November 13 (SeeNews) - The foreign exchange (FX) reserves held by Serbia's central bank totalled 10.76 billion euro ($12.5 billion) at the end of October, up by 124.8 million euro on a monthly comparison basis, the National Bank of Serbia (NBS) said on Monday.
The monthly rise in FX reserves in October is chiefly attributed to the activity of NBS on the interbank FX market, the central bank said in a statement.
The volume of trading on the interbank foreign exchange market in October came in at 657.8 million euro, down by 77.8 million euro on the month.
The hard currency reserves held by NBS as at end-October were enough to cover more than six months of imports of goods and services, NBS said.
In October, the value of the dinar against the euro remained virtually unchanged.
Net FX reserves, defined as FX reserves less banks’ required reserves and drawdowns from the International Monetary Fund (IMF), came in at 9.035 billion euro at the end of October, up by 140 million euro compared with end-September.
At the end of October, net FX reserves were at their highest level since 2000.
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