economy
April 16, 2026
How foreign exchange reserves decreased by 1.3 billion euros in one month
In March this year, foreign exchange reserves decreased by 1.3 billion euros due to the simultaneous repayment of state debt, interventions by the National Bank of Serbia (NBS) on the foreign exchange market, and a sudden drop in the price of gold.
TL;DR
- Foreign exchange reserves decreased by 1.3 billion euros in March.
- Key reasons for the decline include state debt repayment, NBS interventions, and a fall in gold prices.
- Gold's share in reserves increased to 24.4% in March from 18.7% six months prior.
- Experts view the decline as a fluctuation, not a threat to system stability.
- Global market movements, particularly gold prices, significantly impact reserve values.
- NBS interventions sold 410 million euros to maintain dinar stability.
- NBS continues to purchase gold domestically from Ziđin Copper.