North Macedonia’s FX reserves up 11.8% y/y at end-February

North Macedonia’s FX reserves up 11.8% y/y at end-February

/ bne IntelliNews

By bne IntelliNews March 10, 2025

North Macedonia’s gross international reserves rose by an annual 11.8% to €4.861bn at the end of February 2025 (chart), decelerating from a 16.2% growth in the previous month, central bank data indicated on March 7.

However, month-on-month, the FX reserves fell 3.6% in February, following a slim 0.4% increase in January.

Compared to the end of 2024, FX reserves decreased by 3.3% in the period under review.

In terms of financial instruments, most of the reserves were in securities (76.2%), followed by monetary gold (12.5%) and currencies and deposits (11.3%).

The central bank said last month that foreign exchange reserves saw a slight rise in 2024, reaching €5.019bn by the end of December, a level considered adequate to maintain the stability of the domestic currency exchange rate.

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