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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Macedonia’s foreign reserves diminish by €53 million in a month

Posted on 27 February 2009

From Makfax.com.mk: In end January, Macedonia’s foreign currency reserves have dropped by €53.2 million, compared with a month earlier, National Bank of Macedonia (NBM) said Thursday.

NBM announced that Macedonia’s gross foreign currency reserves stood at €1,44 billion, continuing the downward trend, adding that the interventions on the foreign currency market will continue after multiple steps in this direction in January, aimed at maintaining the stability of the Denar….. Full Article: Source


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