Montenegro: Foreign exchange reserves

* indicates monthly or quarterly data series
 Montenegro

Foreign exchange reserves, billion currency units

 Latest value 1.85
 Reference March 2024
 Measure billion Euro
 Data availability January 2007 - March 2024
 Average 0.8
 Min - Max 0.21 - 1.96
 Source Central Bank of Montenegro
For that indicator, we provide data for Montenegro from January 2007 to March 2024. The average value for Montenegro during that period was 0.8 billion Euro with a minimum of 0.21 billion Euro in April 2009 and a maximum of 1.96 billion Euro in October 2022. Click on the following link to see the values of Foreign exchange reserves, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
Montenegro - Foreign exchange reserves - recent values

Historical chart
Montenegro - Foreign exchange reserves - historical chart - 2007-2024
Measure: billion Euro
Source: Central Bank of Montenegro


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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.

 Related indicators Latest value Reference Measure
 Trade openness 125.90 2022 percent
 Exports, percent of GDP 51.53 2022 percent
 Exports, billion dollars 3.75 2023 billion U.S. dollars
 Growth of exports 22.69 2022 percent
 Imports, percent of GDP 74.37 2022 percent
 Imports, billion dollars 5.13 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 14.01 2022 percent
 Foreign Direct Investment, billion dollars 0.87 2022 billion U.S. dollars
 Portfolio investment inflows, equities 9.62 2023 million dollars (current)
 Current account, percent of GDP -15.00 2019 percent
 Current account, in dollars -0.84 2023 billion U.S. dollars
 Trade balance, percent of GDP -22.83 2022 percent
 Trade balance, in dollars -1.40 2023 billion U.S. dollars
 Reserves 2.04 2022 billion U.S. dollars
 Remittances, percent of GDP 13.33 2022 percent
 Remittances 830.15 2022 million U.S. dollars
 Net errors and omissions 795.80 2023 million USD
 External debt 138.74 2022 percent
 Short-term external debt 2.25 2022 percent
 Short-term debt to reserves 9.74 2022 percent
 Foreign exchange reserves 1.62 9/2023 billion
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