News

Serbian December FX reserves at 16.45 bln euros

Friday, 14. Jan 2022.

National Bank of Serbia (NBS) gross FX reserves amounted to 16.45 bln euros at end-December 2021 and were up by 1.4 mln euros relative to November.
BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 16.45 bln euros at end-December 2021 and were up by 1.4 mln euros relative to November.

"Overall in 2021, FX reserves gained 3.0 bln euros, reinforcing the resilience of the domestic financial system to external shocks," the NBS said in a statement.

"This level of FX reserves covers 137.8 pct of money supply (M1) and more than six months’ worth of the country’s import of goods and services, which is twice the level prescribed by the adequacy standard.

Net FX reserves (FX reserves less banks’ FX balances on account of required reserves and other requirements) equalled 13.7 bln euros at end-December, up by 2.6 bln euros y-o-y and down by 231.5 mln euros m-o-m.

December inflows to FX reserves came from the usual bank activity in respect of FX required reserves (299.5 mln euros), FX loans (93.8 mln euros net) and grants (55.3 mln euros net).

An additional impetus came from the efficient FX reserves management and a positive effect of market factors (14.7 mln euros in total).

These inflows were sufficient to offset the net outflows under NBS activity in the IFEM (280.0 mln euros), settlement of government FX liabilities (130.2 mln euros in total) and other grounds (51.7 mln euros).

December trading volumes in the IFEM amounted to 926.1 mln euros, up by 224.9 mln euros on the month before. In 2021, interbank trading volumes reached a total of 6,923.3 mln euros," the central bank also said.


Source: Tanjug

12. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3314

11. Avg 2022.
NBS: Price of Banking Fees Not to Increase in the Next Year

10. Avg 2022.
First Tires Sent from Indjija to American Market

10. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3374

09. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3216

08. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3235

08. Avg 2022.
Air Serbia breaks monthly passenger number record in July

05. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3664

05. Avg 2022.
Air Serbia plans to fly to Chicago, Havana

04. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3763

03. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3821

02. Avg 2022.
Dinar-to-euro exchange rate at RSD 117.3708

02. Avg 2022.
July 2022, the second best month in history

01. Avg 2022.
A new Sava river port planned

27. Jul 2022.
EPS to turn into a joint-stock company?

27. Jul 2022.
Brnabic: The export of ICT services during the first five months was higher than 2017 year

26. Jul 2022.
The new Belgrade port will be built in Krnjaca - The bulk cargo terminal will cover an area of 37.6

25. Jul 2022.
Sale of Genex tower announced once again - Reduced initial price is RSD 1.46 billion

22. Jul 2022.
Fabrika Kartona Umka Expanding Facility – New Facility for Mass Preparation to Be Built

22. Jul 2022.
BAS Accepts Termination of Agreement by Mutual Consent – City to Complete New Bus Station

21. Jul 2022.
Supply of Russian Gas Through NordStream Continues

20. Jul 2022.
OTP Group to Become Owner of Alpha Bank Albania

19. Jul 2022.
Air Serbia to Fly Twice a Week on Belgrade-Chicago Line from April 2023

19. Jul 2022.
Czech Ambassador About “Avala Film” Project – Plan Includes Going Back to Top of Film Industry

15. Jul 2022.
Dollar Strengthening Could Increase Serbia’s Public Debt by EUR 580 Million

14. Jul 2022.
OTP banka is the winner of the Euromoney Award for Excellence 2022 for the best Bank in Serbia

14. Jul 2022.
State Considering Taking NIS Back from Russians and Returning It When Sanctions Are Lifted

13. Jul 2022.
Holcim Acquires Teko Mining Serbia

13. Jul 2022.
Air Serbia Expanding Fleet with Another Airbus A330-200 and Introducing Flights to China from Octobe

12. Jul 2022.
NID Projekt to Build Retail Park in Surcin