Czech c-banks forex reserves up 5.3% y/y at end-July 2012.

By bne IntelliNews August 8, 2012
The Czech central banks foreign currency reserves increased by 5.3% y/y to EUR 31.8bn as of end-July 2012, the bank said on its website. The rise followed a 4.2% annual growth in June. In monthly terms, reserves were 1.6% higher compared to June, when they dropped by 1.3% m/m. When recalculated in local currency, foreign currency reserves stood at CZK 802bn as of end-July, down 0.2% on the month but 9.8% higher on the year. The central banks foreign exchange position remains stable as the international reserves covered 42% of the countrys gross external debt as of end-March 2012.

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