Gross international reserves decreased by 9.6% y/y to US$ 4.6bn in Jun-24, according to NBG. On a monthly basis, the reserves were down by 0.4% (-US$ 19.0mn).
Notably, there was one FX auction in June, where NBG sold US$ 60.0mn. Other changes in reserves were attributed to the government and/or banking sector FX operations, and likely also to NBG’s FX trading via BMatch platform.
