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Serbia's FX reserves decline in February

Banking

Photo by ToskanaINC / Shutterstock.com

The foreign exchange (FX) reserves held by Serbia's central bank fell to EUR 13.4 billion (USD 15.9 billion) at the end of February, down by EUR 180.1 million on a monthly comparison basis, the National Bank of Serbia (NBS) said on Wednesday.

The February decrease in gross FX reserves is attributable to the net government repayment of debt on account of foreign exchange loans and securities, the central bank said. 

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