Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Forex reserves fall to $7.0442 billion

Slovakia's total foreign exchange reserves dropped by $9.6 million to $7.0442 billion between November 11 and November 18, reported the central bank on November 20. The decline was due mostly to a $50.3 million fall in the exchange reserves of commercial banks to $4.0924 billion.

Slovakia's total foreign exchange reserves reached a record high of $8.0078 billion on September 16, 1998. The growth was attributed to the pre-election expectations of banks and their clients, who kept payments from foreign countries on their foreign exchange accounts or converted Slovak crowns into foreign currencies.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.