foreign exchange

Serbia’s Central Bank Resumes FX Purchases as Reserves Rise to €30.5bn

The National Bank of Serbia (NBS) resumed net foreign-currency purchases in the second quarter of 2026 as market conditions shifted toward appreciation pressures, reversing the direction of its earlier foreign-exchange intervention. From April through the end of July, the central bank purchased approximately €900 million of foreign currency. The purchases reduced the cumulative net volume of foreign-exchange sales since the start of the year to around €320 million. The change followed a period in which the NBS had intervened to…