FX Reserves Amount to EUR 20.91 Billion at End-January

Increasing by EUR 1.49 billion from end-2022, gross NBS FX reserves reached EUR 20.91 billion at end-January, their highest end-of-month level on record (since 2000).

At the same time, net FX reserves (FX reserves less banks’ FX balances on account of required reserves, liabilities to the IMF under SBA, and other grounds) came at EUR 16.97 billion, having increased by EUR 1.54 billion from end-2022.

– The January increase in gross FX reserves reflects primarily the sale of government securities worth EUR 1.63 billion in the local and international financial market. The Republic of Serbia priced a dual tranche in the international financial market, issuing two eurobonds, with the maturity of 5 and 10 years, in the total amount of EUR 1.59 billion. A net inflow of EUR 86.9 million also came from FX reserves management, donations and other sources – it is said on the National Bank of Serbia’s website.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

FX reserves

gross FX reserves

net FX reserves

increase of FX reserves

increase in price of gold

issue of eurobonds