Gross foreign exchange reserves of the National Bank of Serbia came to to €12.79bn as of the end of April, €321.7m down compared to March. Net foreign exchange reserves came to €10.67bn. Gross foreign exchange reserves have increased by €1.45bn over the past 12 months, in the period when the state net deleveraged on the basis of foreign currency loans and foreign currency securities by €959.4m.
The net decrease in the April level of foreign exchange reserves compared to March was achieved mainly on the basis of NBS activities undertaken in order to preserve relative stability in the domestic foreign exchange market and support liquidity to the banking sector in the crisis caused by COVID-19 virus.
