Gross NBS FX Reserves Amount to EUR 24.39 Billion at End-October

Increasing by EUR 206.2 million in October, gross NBS FX reserves reached EUR 24,388.7 million at end-October, their highest end-of-month level on record (since 2000), the National Bank of Serbia (NBS) announced.

– They covered 181.9% of money supply M1 and 6.5 months’ worth of the country’s imports of goods and services, which is more than twice the level prescribed by the adequacy standard. Net FX reserves (gross FX reserves less banks’ FX balances on account of required reserves, liabilities to the IMF under SBA, and other grounds) also touched their all-time end-of-month high – EUR 20,253.7 million, having increased by EUR 290.1 million from end-September – the NBS specifies in its press release.

Međunarodni monetarni fond-MMF Beograd

Narodna banka Srbije Beograd

International Monetary Fund

IMF

National Bank of Serbia

NBS

FX reserves

credits

gold

interbank FX market