NBS

Serbia’s Foreign-Exchange Reserves Reach €30.8 Billion as Gold Holdings Rise

Serbia’s foreign-exchange reserves reached a record €30.8 billion in August, while the country’s gold holdings increased to 55 tonnes, strengthening the reserve position maintained by the National Bank of Serbia (NBS). The reserve stock was equivalent to around seven months of goods and services imports and approximately 164% of the M1 money supply, according to the central bank. Both indicators remained above commonly used reserve-adequacy thresholds. Gold’s Share of Reserves Increases Gold accounted for 22.6% of Serbia’s total foreign-exchange reserves…