October 12 (SeeNews) - The foreign exchange (FX) reserves held by Serbia's central bank totalled 10.64 billion euro ($12.6 billion) at the end of September, up by 358 million euro on a monthly comparison basis, the National Bank of Serbia (NBS) said on Thursday.
The monthly rise in FX reserves in September is chiefly attributed to the activity of NBS on the interbank FX market, the central bank said in a statement.
The hard currency reserves were enough to cover about six months of imports of goods and services, NBS said.
In September, the Serbian dinar's value against the euro depreciated by 0.2%.
Net FX reserves, defined as FX reserves less banks’ required reserves and drawdowns from the International Monetary Fund (IMF), came in at 8.895 billion euro at the end of September, up by 306 million euro compared with end-August.
The volume of trading on the interbank foreign exchange market in September came in at 735.6 million euro, up by 146.2 million euro on the month.
($ = 0.843604 euro)