Vucic: Serbia's banking system stable, FX reserves at record high

BELGRADE - Serbian President Aleksandar Vucic said on Thursday evening that Serbia's banking system was stable and that the country's FX reserves were at a record high.

In a public address, Vucic said there was no place "for any kind of fear over the collapse of some international banks."

"The state of the banking system in Serbia, the financial system as a whole and our public finances is extremely good. The banking system has full stability and full liquidity. The country's FX reserves are at a historical high point of 21.2 bln euros," he said, adding that the government was boosting Serbia's gold reserves and that they, too, were at a record high.