Foreign exchange reserves of the Serbian c-bank increase in August
BELGRADE (Serbia), September 9 (SeeNews) – Foreign exchange (FX) reserves held by the central bank of Serbia stood at 15.876 billion euros ($16.017 billion) at the end of August, in an increase of 852.7 million euros compared to the previous month, the central bank announced on Friday.
The increase in foreign exchange reserves is mainly the result of central bank activity in the national foreign exchange market and inflows based on the sale of domestic currency securities, the National Bank of Serbia (SNB) said in the communicated.
The volume of transactions on the interbank foreign exchange market fell to 896.3 million euros in August, down 167.9 million euros from the previous month.
The value of the dinar against the euro remained unchanged in August, while the dinar strengthened nominally against the euro by 0.2% during the first eight months. The NBS bought 450 million euros on the interbank foreign exchange market in August, while it has sold 905 million euros net since the start of the year, in order to maintain the relative stability of the dinar’s exchange rate. against the euro.
Net foreign exchange reserves (total reserves minus banks’ foreign exchange balances for reserve requirements and other needs) amounted to €13.131 billion at the end of August, up €796.7 million from the end of July .
($ = 0.991213 euros)