Foreign exchange reserves of the NBS 10,44 billion euros

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Foreign exchange reserves of the National Bank of Serbia stood, in  the end of September, at 10.44 billion euros  and  for 245 million euros are less than, in the end of August, according to the NBS.

Those foreign  exchange reserves  provide money supply ( M1)  of 333 percent and  coverage for more than seven months of imports of goods and services.

The largest foreign exchange inflow in September was based on the loan from the European Investment Bank, in the amount of 54.7 million euros.

The largest foreign exchange outflow was based on settlement of liabilities to foreign creditors in the amount of 151.6 million euros. Other foreign currency transactions were  for paying the debt to the International Monetary Fund (52 million euros ) and the payment of maturing government securities (42.2 million euros ).

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Trade of foreign currencies  in the interbank foreign exchange market in September was 687 million euros  and was 71.9 million euros  higher than the previous month. For the first nine months of the year in interbank trading , 7.24 billion euros was realized .

In September, the dinar weakened against the euro by 0.2 percent, while the NBS , to mitigate excessive daily volatility of the exchange rate , sold 90 million euros., on the foreign exchange market,

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