Hard currency reserves went down in January

Slovakia's total hard currency reserves were $5.3 billion as of February 26 1997, which is $451 million less than at the end of 1996, representatives from the National Bank of Slovakia (NBS) announced. NBS hard currency reserves stood at $3.5 billion, $41 million higher than at the end of last year, NBS officials said. On the other hand, commercial banking sector reserves declined $492 million to $1.829 billion.