Hard currency reserves reach USD 16.5bn
Serbia's hard currency reserves in March this year were at USD 16.5bn, up 3.2 percent on the same month last year.
Saturday, 10.05.2008.
18:02
Serbia's hard currency reserves in March this year were at USD 16.5bn, up 3.2 percent on the same month last year. The Institute for Market Research, IZIT, said in a report today that the central bank, NBS, increased its reserves by six percent, but that commercial banks lost 19 percent. Hard currency reserves reach USD 16.5bn At the same time, Serbia's foreign debt dynamics are showing "a worrying trend of growth". The figure was at USD 26.9bn at the beginning of March, IZIT said. This sum is twice the amount the of the debt reported in 2000. 34 percent of this has been borrowed by the state, while the rest of the debt falls to private companies and banks. The money mass in March decreased by 8.4 percent compared to December 2007, matched by the reduction in the deposits.
Hard currency reserves reach USD 16.5bn
At the same time, Serbia's foreign debt dynamics are showing "a worrying trend of growth". The figure was at USD 26.9bn at the beginning of March, IZIT said.This sum is twice the amount the of the debt reported in 2000.
34 percent of this has been borrowed by the state, while the rest of the debt falls to private companies and banks.
The money mass in March decreased by 8.4 percent compared to December 2007, matched by the reduction in the deposits.
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