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Milan Paunovic
Mar 11, 2019 1:15PM ET
At the end of February, the gross foreign reserves of the National Bank of Serbia amounted to EUR 11,398.3 million, which is EUR 51.9 million more than in January, ie by EUR 1,607.2 million more than at the end of February 2018. Foreign exchange reserves at this level provide coverage of money supply M1 of 187 percent and more than five months of imports of goods and services, which is almost twice the standard that determines the adequate level of coverage of imports of goods and services to foreign reserves...At the end of February, net foreign exchange reserves (foreign reserves reduced by foreign reserves of banks on the basis of mandatory reserve and other bases) amounted to EUR 8,960 million, which is slightly lower than at the end of the previous month when they amounted to 8.978 million euros...So, next month, March without a jump for the euro
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