NBS sells EUR 210 million in November

Gross NBS FX reserves hit EUR 29.37 billion at end-November, their highest end-of-month level on record, after increasing by EUR 2.5 million from a month ago.

They covered 164.2% of money supply M1 and 6.9 months’ worth of the country’s import of goods and services, which is more than twice the level prescribed by the relevant adequacy standard, announced the National Bank of Serbia (NBS).

The dinar weakened against the euro nominally by 0.1% in November and by 0.3% since the beginning of the year. The NBS sold EUR 210 million in the IFEM during the month. Since the beginning of the year, it has bought EUR 145 million net to maintain the relative stability of the dinar exchange rate against the euro.

Narodna banka Srbije Beograd

NBS

FX reserves

gold reserves