Serbia Doesn’t Need Additional IMF Funds, Soskic Says
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Serbia has no need to draw additional money from the International Monetary Fund as foreign-exchange reserves are “stable and high,” central bank Governor Dejan Soskic said.
The central bank’s net foreign-exchange reserves are at 4.5 billion euros ($5.9 billion), 500 million euros above the end-2011 minimum net foreign-asset level agreed with the IMF as part of a 3 billion-euro loan.