Czech c-banks forex reserves up 10.7% y/y at end-Nov 2012.

By bne IntelliNews December 10, 2012
The Czech central banks foreign currency reserves increased by 10.7% y/y to EUR 34bn as of end-November 2012, the bank said on its website. The rise followed a 12.6% annual growth in October. In monthly terms, reserves were 0.1% higher compared to October, when they increased by 7.7%. When recalculated in local currency, foreign currency reserves stood at CZK 858.95bn as of end-November, up 0.9% on the month and 10.4% higher on the year. The central banks foreign exchange position remains stable as the international reserves covered 45.3% of the countrys gross external debt as of end-June 2012.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335