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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Serbia’s 2009 foreign exchange reserves rise to 10.6 bln euros

Posted on 20 January 2010

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

In December alone, 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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