October 12 (SeeNews) – Gross foreign exchange (FX) reserves held by Serbia’s central bank amounted to 24.183 billion euro ($25.7 billion) at the end of September, rising by 558.8 million euro from a month earlier, the central bank said on Thursday.
The increase was primarily the result of the central bank’s net foreign currency purchases on the domestic market in the amount of 510 million euro, and the net allocation of foreign currency mandatory reserves of banks as well as donations in the net amount of 124.1 million euro, the National Bank of Serbia (NBS) said in a statement.
The volume of trading on the interbank FX market decreased by 140 million euro in September month-on-month, to 462 million euro.
Net FX reserves – total reserves less banks’ FX balances on account of required reserves and other requirements – amounted to 19.964 billion euro at the end of September, up by 488.2 million euro from the end of August.
$ = 0.9410 euro
seenews.com