Serbia’s central bank said on Friday that the country’s gross hard currency reserves rose by 184.1 million Euro in May compared to April to total 14.181 billion Euro.
The National Bank of Serbia (NBS) press release said that the hard currency stood at 134 percent of the M1 money mass and higher than the semi-annual imports of goods and services.
The net hard currency reserves stood at 11.7 billion Euro at the end of May or 108 million more than a month earlier.
Trade on the FX Market totaled 46.4 million Euro and was 156.5 million lower than in April, with inter-bank trade in hard currency totaling 2.6 billion Euro in the first five months of the year. The NBS bought 45 million Euro on the FX Market in May and sold five million since the start of the year.