NBS: Drop in hard currency reserves

Foreign currency reserves have fallen by EUR 122.2mn to EUR 9.656bn in February, says the National Bank. When banks’ foreign exchange reserves are taken into account, the foreign exchange reserves at the end of February amounted to EUR 10.447bn, the National Bank of Serbia (NBS) says in a statement. NBS: Drop in hard currency reserves The reduction of the NBS’s foreign currency reserves in February was largely due to the National Bank’s foreign currency sales on international currency markets. Besides the EUR 4.9mn used to pay off debts to foreign creditors, another EUR 2mn was used to pay off old foreign currency savings. In February, the dinar fell 8 percent against the euro, while the dinar’s official middle course ranged between RSD 81,4383 and RSD 83,8286 to the euro.

NBS: Drop in hard currency reserves

The reduction of the NBS’s foreign currency reserves in February was largely due to the National Bank’s foreign currency sales on international currency markets. Besides the EUR 4.9mn used to pay off debts to foreign creditors, another EUR 2mn was used to pay off old foreign currency savings.

In February, the dinar fell 8 percent against the euro, while the dinar’s official middle course ranged between RSD 81,4383 and RSD 83,8286 to the euro.