Q:
A:
November foreign exchange reserves stand at €10.2bln
Belgrade,
11 December 2007
The National Bank of Serbia (NBS) stated that Serbia’s foreign exchange reserves in November amounted to €10.2 billion, or $15.4 billion.
The foreign reserves rose by €154.9 million to reach €9.8 billion. In dollar terms, end-November foreign exchange reserves stood at 14.5 billion, resulting in the ratio of foreign exchange reserves over money supply (M1) of 376%.
Foreign exchange reserves of commercial banks amounted to €430.5 million on the last day of November, NBS stated.
The main contribution to the NBS foreign exchange reserves growth was the inflow from net purchase of foreign currency cash from licenced exchange dealers in the amount of €75.7 million, up by €3.3 million on a month earlier. A drawdown of the European Investment Bank (EIB) loan funds provided an inflow of €9.5 million, NBS said.
In October, foreign currency reserves stood at €10.1 billion, or €14.5 billion.
Foreign exchange reserves of commercial banks amounted to €430.5 million on the last day of November, NBS stated.
The main contribution to the NBS foreign exchange reserves growth was the inflow from net purchase of foreign currency cash from licenced exchange dealers in the amount of €75.7 million, up by €3.3 million on a month earlier. A drawdown of the European Investment Bank (EIB) loan funds provided an inflow of €9.5 million, NBS said.
In October, foreign currency reserves stood at €10.1 billion, or €14.5 billion.
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