Q:
A:
Serbia’s total foreign currency reserves €10.051 billion
Belgrade,
11 November 2008
The National Bank of Serbia (NBS) stated today that foreign exchange reserves reduced by €346.6 million in October and at the end of this month stood at €9.346 billion.
According to the statement issued by NBS, expressed in dollars this figure is $11.974 billion and as such the foreign currency reserves levels provide 348% coverage of the monetary base.
Serbia’s total foreign currency reserves stood at €10.051 billion on the last day of October if reserves of €704.9 million in other banks are also taken into account.
Foreign currency reserves in the NBS fell in October because a sum of €473.9 was returned to commercial banks as a result of measures implemented by the NBS to raise the foreign exchange liquidity ratio of the banking sector.
Payment of debts to foreign creditors also reduced reserves by €21.8 million.
The NBS purchased €55 million from foreign exchange offices, €30.3 million more than in the previous month.
Serbia’s total foreign currency reserves stood at €10.051 billion on the last day of October if reserves of €704.9 million in other banks are also taken into account.
Foreign currency reserves in the NBS fell in October because a sum of €473.9 was returned to commercial banks as a result of measures implemented by the NBS to raise the foreign exchange liquidity ratio of the banking sector.
Payment of debts to foreign creditors also reduced reserves by €21.8 million.
The NBS purchased €55 million from foreign exchange offices, €30.3 million more than in the previous month.
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