Albania’s c-bank FX reserves rise 20% y/y in June

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Albania’s c-bank FX reserves rise 20% y/y in June

July 31 (SeeNews) - Albania's central bank said on Monday that the foreign exchange (FX) reserves it held at the end of June totaled

July 31 (SeeNews) – Albania’s central bank said on Monday that the foreign exchange (FX) reserves it held at the end of June totaled $5.5 billion (5 billion euro), up 20% on an annual comparison basis.

Compared with May 2023, the central bank’s FX reserves were 15.6% higher at the end of June, the central bank said in a data release.

Details follow (in millions of US dollars):

June ’23 May ’23 June ‘22
Total international reserves 6,020 5,281 5,108
FX reserves 5,527 4,781 4,602
– currency and deposits 1,179 701 891
– securities 4,348 4,080 3,712
Monetary gold 208 199 175
SDRs 232 213 296
Reserve position in the IMF 35 35 35
Financial derivatives 0.1 0.1 0.1

($ = 0.906794 euro)

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