Serbia's FX reserves decline in November
The foreign exchange (FX) reserves held by Serbia's central bank grew to EUR 12.8 billion at the end of November, down by EUR 206.6 million on a monthly comparison basis, the National Bank of Serbia (NBS) said.
The November increase in gross FX reserves is attributable to the negative net effect of market movements, the NBS said in a statement.
Net FX reserves (total reserves less banks' FX balances on account of required reserves and other requirements) amounted to EUR 10.5 billion at end-November, down from EUR 10.7 bln in October.
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