NBS foreign currency reserves over EUR 12bn
The foreign currency reserves of the National Bank of Serbia (NBS) went up by EUR 659.4mn in December.
Thursday, 12.01.2012.
11:48
The foreign currency reserves of the National Bank of Serbia (NBS) went up by EUR 659.4mn in December. According to preliminary data, the reserves reached EUR 12.06bn at the end of the month, the central bank stated on Wednesday. NBS foreign currency reserves over EUR 12bn This was mostly the result of inflow based on the mandatory foreign currency reserves in the net amount of EUR 555.4mn coming from commercial banks. At the same time, inflow of funds collected on the basis of granted loans and donations amounted to EUR 31.8mn. During December, EUR 63.6mn was allocated from the foreign currency reserves for settlement of debts to foreign creditors. The net foreign currency reserves, i.e. the reserves reduced by the amount of banks' foreign currencies on the basis of mandatory reserves, and the funds drawn from the International Monetary Fund (IMF) amounted to EUR 6.66bn at the end of December. This level of foreign currency reserves ensures the coverage of money mass (M1) of 430 percent, short-term debt of 1.771 percent, and at the same time covers over eight months of import of goods and services. Tanjug
NBS foreign currency reserves over EUR 12bn
This was mostly the result of inflow based on the mandatory foreign currency reserves in the net amount of EUR 555.4mn coming from commercial banks.At the same time, inflow of funds collected on the basis of granted loans and donations amounted to EUR 31.8mn.
During December, EUR 63.6mn was allocated from the foreign currency reserves for settlement of debts to foreign creditors.
The net foreign currency reserves, i.e. the reserves reduced by the amount of banks' foreign currencies on the basis of mandatory reserves, and the funds drawn from the International Monetary Fund (IMF) amounted to EUR 6.66bn at the end of December.
This level of foreign currency reserves ensures the coverage of money mass (M1) of 430 percent, short-term debt of 1.771 percent, and at the same time covers over eight months of import of goods and services.
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