Hard currency reserves at EUR 10.2bn

Serbia's total hard currency reserves at the end of November stood at EUR 10.2bn.

Izvor: Tanjug

Wednesday, 12.12.2007.

09:05

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Serbia's total hard currency reserves at the end of November stood at EUR 10.2bn. The amount is equivalent to USD 15.1bn, the National Bank of Serbia (NBS) announced Tuesday. Hard currency reserves at EUR 10.2bn The central bank reserves increased in November by EUR 154.9mn and reached EUR 9.8bn, or EUR 14.5bn, which secures the coverage of the money mass by 376 percent. On the last day of November, the hard currency reserves of banks stood at EUR 430,5mn, the NBS statement said. Net purchase of effective foreign currency to the amount of EUR 75.7mn had the biggest influence on the increase of the NBS foreign currency reserves in November.

Hard currency reserves at EUR 10.2bn

The central bank reserves increased in November by EUR 154.9mn and reached EUR 9.8bn, or EUR 14.5bn, which secures the coverage of the money mass by 376 percent.

On the last day of November, the hard currency reserves of banks stood at EUR 430,5mn, the NBS statement said.

Net purchase of effective foreign currency to the amount of EUR 75.7mn had the biggest influence on the increase of the NBS foreign currency reserves in November.

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