NBS gross FX reserves reach record-high 24.9 bln euros at end-2023

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 24,909.1 mln euros at end-December 2023, which is their highest end-of-month/end-of-year level since records began in 2000, according to figures released by the NBS.

"They increased in December by 746.0 mln euros m-o-m and by 5,493.4 mln euros y-o-y, covering 166.4 pct of money supply M1 and 6.7 months’ worth of the country’s imports of goods and services, which is more than twice the level prescribed by the adequacy standard," the central bank said in a statement.