This also gave an additional boost to the country’s FX reserves which at end4  December 2018 came at EUR 11.3 bn. At end-June this year, FX reserves reached EUR 12.1 bn in gross terms, or over EUR 10 bn in net terms, which is the highest level on record.
Such a high level of FX reserves ensures security not only in conditions of stability, but also in case of potential external shocks. Serbia’s banking sector was adequately capitalised, highly liquid and profitable throughout 2018 as well, with indicators standing high above the regulatory minimums.