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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Serbian foreign-exchange reserves fall to 9.96 bln euros

Posted on 13 July 2011

Serbia’s foreign-exchange reserves fell to 9.96 billion euros ($13.88 billion) in June as the country repaid debt to domestic and foreign creditors.
Foreign-exchange reserves fell by a net 97.3 million euros after Serbia repaid 67.8 million euros to locals whose savings were frozen in the early 1990s and which the government pays through a so-called savings bond, the National Bank of Serbia said………………………………………Full Article: Source


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