ADVERTISEMENT

Serbian c. bank FX reserves rise

Banking

Photo by ToskanaINC / Shutterstock.com

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. 

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.