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Serbia Forex Reserves Drop To $9.8B
The foreign exchange reserves of the National Bank of Serbia have dropped down by €140 million in January 2011.
The foreign exchange reserves of theNational Bank of Serbia(NBS) have dropped down by €140 million in January 2011,Bloombergreports. The Serbian reserves of the Belgrade-based bank have come down to €9.861 billion.
Currency movement is the reason for the decrease in the foreign-exchange reserve. The interbank trading volume of NBS also fell in January to €1.1 billion from €2.4 billion in December 2010.
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