Gross international reserves decreased by 10.6% y/y to US$ 4.7bn in Sep-24, according to Galt&Taggart weekly review reads.
On a monthly basis, the reserves were down by 2.6% (-US$ 126.1mn). The changes in reserves were attributed to the government and/or banking sector FX operations, likely including NBG’s FX trading via BMatch platform (information will be available on 25 October). Notably, monetary gold accounts for 12.8% of total international reserves as of Sep-24- the review reads.
