Foreign exchange reserves, billion currency units in Montenegro, February, 2020
For that indicator, Central Bank of Montenegro provides data for Montenegro from January 2007 to February 2020. The average value for Montenegro during that period was 0.57 billion Euro with a minimum of 0.21 billion Euro in April 2009 and a maximum of 1.4 billion Euro in October 2019.
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around the world.
* indicates monthly or quarterly data series
Measure: billion Euro
Source: Central Bank of Montenegro
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.