April 11 (SeeNews) - The foreign exchange (FX) reserves held by Serbia's central bank totaled 9.5 billion euro ($10.9 billion) at the end of March, down by 349.9 million euro from a month earlier, preliminary data from the National Bank of Serbia (NBS) showed on Monday.
The hard currency reserves are enough to cover about six months of imports of goods and services, the central bank said in a statement.
Net FX reserves, defined as FX reserves less banks’ required reserves and drawdowns from the International Monetary Fund (IMF), came in at 7.9 billion euro at the end of March, down from 8.25 billion euro at the end of February.
($=0.8741 euro)