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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Serbia’s foreign-exchange reserves declined 0.2pct in July

Posted on 15 August 2012

Serbia’s foreign-exchange reserves fell 0.2 percent in July as lenders withdrew more funds to boost their capital. Reserves declined to 10.14 billion euros ($12.53 billion) in July from 10.16 billion euros in June and 12.1 billion euros at the end of 2011, the Belgrade-based Narodna Banka Srbije said in an e-mail today. Lenders withdrew 167.4 million euros from mandatory reserves, the central bank said.
Net reserves, excluding deposits by commercial lenders and money from the International Monetary Fund, rose to 5.53 billion euros from 5.42 billion euros in June, it said………………………………………..Full Article: Source


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