Палата Народне банке, изграђена у стилу неоренесансног академизма, представља једно од највећих и најлепших остварења у Београду у 19. веку, због чега је сврстана у споменике културе под заштитом државе...
11.10.2019.
Gross and net NBS FX reserves continued to rise, hitting in September a new end-of-month high since 2000, i.e. since the data have been tracked in this manner.
Gross NBS FX reserves reached EUR 13,295.4 mn, up by EUR 195.5 mn from August.
In the past year (since end-September 2018) gross FX reserves increased by EUR 2,122.9 mn (mainly on account of NBS interventions in the domestic FX market in the form of net FX purchases – by EUR 1,985 mn, which is the healthiest way to boost reserves). And this happened in the very period when the Republic of Serbia net repaid its debt under FX loans and securities in the amount of EUR 1,667.2 mn.
This level of FX reserves covers 188% of money supply (M1) and six months’ worth of the country’s import of goods and services (twice the level prescribed by the standard on the adequate level of coverage of the import of goods and services by FX reserves).
Net FX reserves (FX reserves less banks’ FX balances on account of required reserves and other requirements) came at EUR 11,184 mn at end-September, up by EUR 123 mn from the month before.
The growth in gross NBS FX reserves extended into September, in conditions where the government additionally lowered its FX liabilities under FX loans and securities (EUR 94.0 mn net), thus leading to a further decrease in public debt and improvement in its currency composition. The September increase in gross FX reserves is largely attributable to the inflow from the central bank’s FX purchases in the IFEM (EUR 295.0 mn), as well as to the efficient management of FX reserves, donations, FX required reserves (regular bank activities) and other sources (total EUR 77.9 mn net). These inflows were more than sufficient to offset the outflows in respect of the said net repayment of government debt under FX loans and securities and other grounds in the net amount of EUR 194.4 mn. The September increase in FX reserves was also aided by the positive effect of market factors (EUR 17.0 mn net).
Trading volumes in the IFEM amounted to EUR 385.9 mn in September, down by EUR 233.2 mn from a month earlier. In the first nine months of 2019, interbank trading volumes totalled EUR 4,192.8 mn.
Nominal appreciation of the dinar against the euro measured 0.2% in September and 0.6% in the first nine months of the year. Against the background of appreciation pressures in September, the NBS intervened in the IFEM by buying EUR 400 mn in order to ease excessive short-term volatility of the exchange rate.
Governor's Office
