News

Serbias foreign exchange reserves EUR 15.59 billion by end of August

Monday, 13. Sep 2021.

At the end of August, the gross foreign reserves of the National Bank of Serbia amounted to EUR 15.58 billion, the highest level at the end of one month since 2000, when foreign exchange reserves have been measured as per the current methodology, the National Bank of Serbia announced.

According to the central banking institution, foreign exchange reserves at this level provide coverage of the money supply M1 of 142% and six and a half months of imports of goods and services, which is twice the standard for determining the adequate level of coverage of imports of goods and services by foreign exchange reserves.

The high level of foreign exchange reserves is a consequence of the inflow based on Special Drawing Rights from the International Monetary Fund.

- At the end of August, gross foreign exchange reserves were over a billion euros more than at the end of the previous month. This is primarily the result of the inflow based on the new general allocation of special drawing rights (SDRs) by the International Monetary Fund (IMF) to its member countries, out of which Serbia received SDR 627.6 million, which amounted to EUR 759.4 million on the last day of August - the announcement of the NBS sates. It is also added that the activities of the central bank had a significant impact on the level of foreign exchange reserves as well.


Source: eKapija

24. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5784

24. Sep 2021.
Embassy of Denmark New Purchaser of Green Energy from EPS

24. Sep 2021.
Polish Merkury Market to Buy 16 Trade Centers of Emmezeta in Serbia and Croatia for EUR 120 Million?

23. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5758

22. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5754

21. Sep 2021.
IMT Knjazevac Factory up for Sale Again – Value estimated at around RSD 354 Million

20. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5647

20. Sep 2021.
Business-Research Center and Business Complex of Hemofluid Factory up for Sale

19. Sep 2021.
Hipol factory from Odzak for sale - Starting price RSD 1.26 billion IllustrationIllustration (Photo:

17. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5653

16. Sep 2021.
Air Serbia re-establishes the Kraljevo-Vienna route

16. Sep 2021.
Serbia to have 6.5 pct growth in 2021

16. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5662

15. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5606

14. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5630

13. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5680

10. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5641

10. Sep 2021.
Tender for expansion of 26 toll ramps throughout Serbia announced by Roads of Serbia

09. Sep 2021.
Another division of the Japanese company, Nidec Elesys Corporation, is coming to Novi Sad

09. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5600

08. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5629

07. Sep 2021.
Petrol is developing and expanding its network of electric chargers in Serbia

07. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5604

07. Sep 2021.
Fiscal data published for 7 months of the current year - Budget deficit recorded

06. Sep 2021.
Konvar bought the Jugoremedija drug factory for EUR 3.1m

06. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5638

06. Sep 2021.
NBS: Fitch maintains Serbia’s credit rating at BB+

03. Sep 2021.
Dinar-to-euro exchange rate at RSD 117.5678

03. Sep 2021.
Mali: Budget deficit 163 bln dinars better than expected