NBS: Foreign exchange reserves reached EUR 15 billion at the end of July

At this level of foreign exchange reserves, coverage of the M1 money supply of 137 percent and almost five months of imports of goods and services is secured, which is almost twice the standard. Net foreign exchange reserves (foreign exchange reserves minus the foreign currency assets of banks based on mandatory reserves and other bases) amounted to EUR 12.3 billion euros at the end of July and compared to the end of the previous month, they were higher by EUR