Serbian central bank’s FX reserves increase in January

The foreign exchange (FX) reserves held by Serbia’s central bank amounted to EUR 20.913bn at the end of January, up by EUR 1,497m compared to the previous month, the central bank said on Monday.

The largest inflows to FX reserves in January came from the sale of Serbian securities on the domestic and international market in the amount of EUR 1.632bn and from donations totalling EUR 86.9m, the central bank said in a statement.

The volume of trading on the interbank FX market decreased to EUR 711.8m in January, down by EUR 286.6m compared to December 2022, the central bank said.

Net FX reserves (total reserves less banks’ FX balances on account of required reserves and other requirements) amounted to EUR 16.972bn at end-January, up by EUR 1.546m from the end of 2022.

Source: SeeNews, Momentum

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