Today, Serbia has 13.1 billion euros of foreign exchange reserves, of which 35.4 tons are in gold, said today the NBS Governor Jorgovanka Tabakovic.
She spoke about it at the Belgrade Economic Forum, and then pointed out that the gold represents 14 percent of the total foreign exchange reserves, which have doubled compared to 2018.
“After the purchase in 2019, in this crisis year, in agreement with the president and the government, we continued to act responsibly and increase foreign exchange reserves, with the most stable part, that is, gold,” said Tabakovic.
She said that in times of crisis, it is the obligation of decision-makers everywhere in the world to act in synchrony, according to all the obligations towards citizens. Tabakovic emphasized that the NBS is pursuing a responsible policy and that because of that, inflation has been low and stable for years, and we have a stable exchange rate.
She reminded that yesterday Serbia issued a ten-year Eurobond in the amount of 1.2 billion US dollars on the international financial market, at a coupon rate of 2.125 percent and a yield rate of 2.35 percent, and pointed out that Serbia achieved the best financing price of 1,066 percent which are the lowest interest rates so far, B92 reports.
