The National Bank of Serbia (NBS) said on Wednesday that its gross hard currency reserves were at the level of 13.6 billion Euro at the end of January, 111 million Euro more than at the end of December 2020.

The NBS said that it had sold 105 million Euro net on the inter-banking foreign exchange market to maintain the relative stability of the Dinar exchange rate.

According to the NBS, net hard currency reserves, not including the hard currency held by commercial banks as mandatory reserves and other assets, stood at 11.28 billion Euro at the end of January and were 153.2 million Euro higher than at the end of 2020.

The value of the Dinar against the Euro remained virtually unchanged in January, it added.