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Serbia: External Debt Growing Due to Euro Revaluation
Up by € 746.4m or 3.1% from end-June 2012, external debt of the Republic of Serbia totalled € 24.8bn at end-September 2012.
Serbia: External Debt Growing Due to Euro Revaluation / Picture: © Vindobona.org
The apreciation of the euro against other currencies of debt denomination moderated the growth in debt, cutting it down by € 120.3m. External debt of the public sector fell by € 88.0m, while that of the private sector increased by € 834.4m.
Debt by original maturity can still be considered favourable, with short-term debt making up 1.5% of total external debt, slightly up…
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