Serbian c. bank FX reserves rise
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The foreign exchange (FX) reserves held by Serbia's central bank rose to EUR 14.6 billion at the end of July, up by EUR 488.5 million on a month, the National Bank of Serbia said, according to a report by news agency Tanjug.
Net FX reserves amounted to EUR 12.2 billion at end-July, up from EUR 11.6 billion in June. The 36.7 tons of gold made up 12.4% of total FX reserves at end-July, while in late 2012 they made up only 5.7% of total FX reserves of the country.
Since end-2012 to date, they have increased by more than 21 tons, while their value trebled, from EUR 600 million to EUR 1.813 billion, the bank said.
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