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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Serbia’s 2009 forex reserves rise to 10.6 bln euros

Posted on 19 January 2010

From Forexyard.com: Serbia’s 2009 euro-denominated hard currency reserves rose by 2.4 billion euros to 10.6 billion euros, mainly fuelled by the country’s external borrowing from various multilateral lenders, the central bank said on Monday.

In December alone, the official reserves rose by 563 million euros, as the government drew a 350 million euro loan tranche from the International Monetary Fund, a further 50 million euros in macro-economic assistance from the European Union, as well as 49.5 million euros in loans from the European Investment Bank……………………………….Full Article: Source

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