Serbian c-bank’s FX reserves rise in May

June 12 (SeeNews) – The foreign exchange (FX) reserves held by Serbia’s central bank amounted to 22.088 billion euro ($23.8 billion) at the end of May, rising by 531.4 million euro from a month earlier, the central bank said on Monday.

The increase was primarily the result of the central bank’s foreign currency purchases on the domestic market in the amount of 375 million euro, as well as a slightly larger inflow based on donations totalling 136.4 million euro, the National Bank of Serbia (NBS) said in a statement.

The volume of trading on the interbank FX market increased by 47.5 million euro in May, to 678.1 million euro.

Net FX reserves (total reserves less banks’ FX balances on account of required reserves and other requirements) amounted to 18.121 billion euro at the end of May, up by 479.7 million euro from the end of April.

($ = 0.9279 euro)