Czech cbanks forex reserves up 1.6% y/y to EUR 30.74bn at end-Jan 2012.

By bne IntelliNews February 8, 2012
The Czech central banks foreign currency reserves increased by 1.6% y/y to EUR 30.74bn as of end-January 2012, the bank said on its website. The rise followed a 3% annual contraction in December. In monthly terms, reserves edged 1.3% lower, after rising by 0.3% a month earlier. When recalculated in local currency, foreign currency reserves decreased by 1.3% y/y and 0.6% m/m to CZK 774.1bn. The central banks foreign exchange position remains stable as the international reserves covered 41.5% of the countrys gross external debt as of end-September 2011.

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