Serbia's FX reserves decline in June

Banking

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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.

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