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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Serbia’s foreign-exchange reserves drop in June on dinar defense

Posted on 12 July 2012

Serbia’s foreign-exchange reserves fell 0.1 percent in June as the National Bank of Serbia spent euros to bolster the dinar and the government repaid debt.
Reserves declined to 10.16 billion euros ($12.5 billion) in June from 10.17 billion in May and 12.1 billion euros at the end of 2011, the Belgrade-based Narodna Banka Srbije said………………………………………..Full Article: Source


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