SARAJEVO (Bosnia and Herzegovina), March 7 (SeeNews) - The gross foreign reserves of Bosnia's central bank (CBBH) fell in January by 1.0% month-on-month to 6.637 billion marka ($5.151 billion/3.345 billion euro), central bank data showed on Friday.
In December, the CBBH gross foreign reserves rose by 4.5% from the previous month to 6.699 billion marka.
The central bank keeps most of its foreign reserves in currency deposits with foreign banks. In January, CBBH deposits with non-resident banks reached the equivalent of some 5.628 billion marka, down from 5.971 billion marka the previous month.
Details follow (in millions of Bosnian marka):
| Jan’08 | Dec'07 | Jan’07 | |
| GROSS FOREIGN RESERVES | 6,636.6 | 6,698.5 | 5,420.3 |
| -Gold | 0.0 | 0.0 | 0.0 |
| -SDR with IMF | 0.6 | 0.4 | 1.1 |
| -Foreign exchange in CBBH vault | 23.7 | 40.1 | 22.6 |
| -Deposits with non-resident banks | 5,628.0 | 5,971.1 | 4,947.2 |
| -Other | 74.3 | 80.7 | 55.3 |
| -Investments in Foreign Securities | 910.1 | 606.2 | 394.0 |
| Net foreign reserves | 6,635.6 | 6,697.6 | 5,419.3 |
| Monetary liabilities | 6,218.0 | 6,303.9 | 5,141.6 |
| Net free reserves | 417.6 | 393.7 | 277.7 |
NOTES: Gross foreign reserves consist of balance sheet positions of short-term foreign assets of CBBH (gold, CBBH SDR holdings, foreign exchange in the CBBH vault, short-term foreign exchange deposits with non-resident banks and other) and investment in long-term foreign securities according to the CBBH Investment Committee Decision from July 2006.
Net foreign reserves represent a difference between gross foreign reserves and liabilities to non-residents.
Monetary liabilities include money outside monetary authorities and deposits of residents with monetary authorities.
Net free reserves represent a difference between net foreign exchange reserves and monetary liabilities of CBBH.
The Bosnian convertible marka is pegged at a fixed exchange rate of 1.95583 per euro under a currency board system.
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