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Serbian c. bank's FX reserves fall in Jan

Banking

Image by Bobica10 / Shutterstock.com

The foreign exchange (FX) reserves held by Serbia's central bank amounted to EUR 16.11 billion at the end of January, down EUR 343.7 million compared to the previous month, the central bank said on Friday.

In January, the dinar remained unchanged against the euro, as the NBS intervened by selling EUR 340 million on the interbank market to tame excessive daily volatility of the exchange rate.

Net FX reserves (total reserves less banks' FX balances on account of required reserves and other requirements) amounted to EUR 13.48 billion at end-January, down by EUR 226.4 million from the end of 2021. 

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