C. bank: Hard currency reserves grow

The National Bank of Serbia (NBS) hard currency reserves grew by EUR 241.9mn in February to reach EUR 8.24bn.

Izvor: Beta

Tuesday, 17.03.2009.

14:49

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The National Bank of Serbia (NBS) hard currency reserves grew by EUR 241.9mn in February to reach EUR 8.24bn. The EUR 400mn sale of NIS to Russia's Gazprom influenced this result, according to a statement from the central bank this Tuesday in Belgrade. C. bank: Hard currency reserves grow At the same time, the NBS sold EUR 175.1 in the inter-banking foreign currency market last month. In U.S. dollars, the bank's reserves grew to reach USD 10.48bn, bringing the coverage of M1 money supply to 340 percent. Serbia's overall hard currency reserves on the last day of February reached EUR 8.99bn, and included banks' reserves in the amount of EUR 755.2mn.

C. bank: Hard currency reserves grow

At the same time, the NBS sold EUR 175.1 in the inter-banking foreign currency market last month.

In U.S. dollars, the bank's reserves grew to reach USD 10.48bn, bringing the coverage of M1 money supply to 340 percent.

Serbia's overall hard currency reserves on the last day of February reached EUR 8.99bn, and included banks' reserves in the amount of EUR 755.2mn.

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