ADVERTISEMENT

Serbia's FX reserves decline in June

Banking

Photo by ToskanaINC / Shutterstock.com

The foreign exchange (FX) reserves held by Serbia's central bank fell to EUR 14.1 billion at the end of June, down by EUR 89.8 million on a monthly comparison basis, the National Bank of Serbia (NBS) said.

The June decrease in gross FX reserves is attributable to the net outflows in respect of the EUR 229.7 million payment of government liabilities, it said.

The volume of trading on the Inter-bank Foreign Exchange Market (IFEM) in June increased to EUR 496.6 million, up by EUR 34.2 million month-on-month, the bank said.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.