Foreign exchange reserves increased to EUR 16.45 billion
BizLife 14.12.2021 | Beta
Foreign exchange reserves at this level provide M1 money supply coverage of 144 percent and more than six months of the import of goods and services, which is twice the standard.
Net foreign exchange reserves at the end of November amounted to about 13.94 billion euros, which is 76 million euros more than at the end of the previous month. Net inflows into foreign exchange reserves in November were realized on the basis of the mandatory foreign exchange reserves of banks in the amount of EUR 40.1 million (due to normal activities of banks), donations of EUR 16.8 million, sales of government securities on the domestic financial market worth
