Serbia: NBS FX Reserves Amounted to More than € 10,362m at End-November

Politics ♦ Published: December 12, 2013; 17:22 ♦ (Vindobona)

FX Reserves and IFEM movements in November.

Serbia: NBS FX Reserves Amounted to More than € 10,362m at End-November / Picture: © National Bank of Serbia

According to the National Bank of Serbia (NBS), FX reserves amounted to EUR 10,362 million at end-November, covering M1 by 332 percent or more than seven months of imports of goods and services.

Larger inflows to FX reserves came from the sale of euro-denominated RS securities in the domestic financial market (EUR 135.7 million) and disbursement of grants and loans (EUR 20…