foreign exchange reserves

Serbia’s Foreign-Exchange Reserves Rise Above €30.5 Billion as Gold Holdings Increase

Serbia’s foreign-exchange reserves reached a record €30.502 billion at the end of July, strengthening the central bank’s external liquidity position as foreign debt, capital flows and regional financial conditions remain important factors for the economy. Gross reserves held by the National Bank of Serbia (NBS) increased from €29.609 billion in June and €29.008 billion at the end of 2025. The monthly increase in July was close to €900 million. When foreign-exchange reserves held by commercial banks are included, Serbia’s overall…