Serbiaʼs FX reserves fall in July
The foreign exchange (FX) reserves held by Serbiaʼs central bank fell to EUR 13.5 billion (USD 15.9 billion) at the end of July, down by EUR 435.3 million on a monthly comparison basis, the National Bank of Serbia (NBS) said on Tuesday, according to a report by SeeNews.
The July decrease in gross FX reserves is attributable to the settlement of foreign exchange liabilities, as well as forex market activities destined to mitigate the adverse economic effect of the coronavirus crisis, the central bank said.
ADVERTISEMENT
Number of Residential Developments in Cities Falls 9%
Veronika Spanarova Wins Expat CEO of the Year Award 2023
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.
