FX reserves in June increased by EUR 4.7 million

The gross FX reserves of the National Bank of Serbia (NBS) were at a level of EUR 27.4 billion at the end of June 2025 and higher by EUR 4.7 million compared to the end of May.

This amount of FX reserves ensures a coverage of the M1 money supply of 161.8% and 6.5 months of imports of goods and services, which is more than double the standard which determines an adequate level of the coverage of the import of goods and services by FX reserves, the NBS announced.

The net FX reserves (gross FX reserves minus the FX assets of banks based on the mandatory reserve, obligations toward the International Monetary Fund based on the arrangement and on other bases) amounted to EUR 23.07 billion at the end of June and were higher by EUR 12.7 million compared to the end of May.

Narodna banka Srbije Beograd

National Bank of Serbia

FX reserves