Foreign exchange reserves

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 24,942.1 mln euros at end-March 2024, down by 89.3 mln euros from a month earlier, according to figures released by the central bank.

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 25,031.4 mln euros at end-February 2024, almost unchanged from a month earlier, the central bank said on Monday.

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 25,036.9 mln euros at end-January, which is their highest end-of-month level since records began in 2000, the NBS said.

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 24,909.1 mln euros at end-December 2023, which is their highest end-of-month/end-of-year level since records began in 2000, according to figures released by the NBS.

The Central Bank has said that it will maintain its reserve build-up strategy and ensure continuation of the stable uptrend in international reserves in 2024.

The Central Bank is not intervening in the foreign exchange market, Governor Hafize Gaye Erkan has said, pointing out that the increase in reserves is an indication of this.

"If there had been interventions in the U.S. dollar [in the FX market], reserves would have not increased that much," Erkan said in an interview with daily Hürriyet.

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 24,163.1 mln euros at end-November, declining by 225.7 mln euros compared to end-October, according to figures released by the central bank.

The latest data have shown that the Turkish Central Bank's gross reserves have climbed to a new all-time high.

The bank's gross reserves increased from $136.5 billion on Nov. 24 to $140.2 billion on Dec. 1.

Foreign currency reserves rose from $91 billion to $93.2 billion, while gold reserves climbed from $45.5 billion to $46.9 billion.

Standard & Poor's (S&P) has confirmed Türkiye's credit rating as "B" and changed its credit rating outlook from "stable" to "positive."

"Confidence in our medium-term program is increasing," Treasury and Finance Minister Mehmet Şimşek wrote on social media platform X on Dec.1, commenting on S&P's move.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2146 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.1 pct y-o-y and relative to the beginning of the year.