FX Reserves of National Bank of Serbia Cover Almost 6 Months’ Worth of Import of Goods and Services

Increasing by EUR 176.2 million from a month earlier, gross NBS FX reserves reached EUR 21 billion and 556.8 million euros at end-April, their highest end-of-month level on record (since 2000), the National Bank of Serbia (NBS) announced.

– They covered 176% of money supply M1 and 5.7 months’ worth of the country’s imports of goods and services, which is almost twice the level prescribed by the adequacy standard – the press release says.

Illustration (Photo: Mckyartstudio/shutterstock.com)

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