capital flows

Serbia’s Foreign Exchange Reserves Strengthen Monetary Stability Framework

Serbia’s financial system in mid-2026 is anchored by a substantial foreign-exchange reserve position, according to the National Bank of Serbia (NBS) May 2026 Statistical Bulletin. At the end of May, foreign-exchange reserves reached €29.88 billion, while commercial banks held an additional €3.19 billion. Combined, the reserve buffer exceeds €33 billion, providing a key safeguard against external shocks, energy-price volatility and capital-flow fluctuations. Reserve Position Supports Exchange-Rate Credibility The reserve stock functions as a central pillar of Serbia’s exchange-rate system and…