May 11 (SeeNews) - The foreign exchange (FX) reserves held by Serbia's central bank totalled 9.3 billion euro ($10.7 billion) at the end of April, down by 162.9 million euro from a month earlier, preliminary data from the National Bank of Serbia (NBS) showed on Wednesday.
The hard currency reserves are enough to cover about six months of imports of goods and services, the central bank said in a statement.
Net FX reserves, defined as FX reserves less banks’ required reserves and drawdowns from the International Monetary Fund (IMF), came in at 7.8 billion euro at the end of April, down from 7.9 billion euro at the end of March.
($=0.8756 euro)