ZAGREB, 21 Oct 2021 - Croatia's gross international reserves reached €24.4 billion in September 2021, their highest level to date, increasing by €300 million or 1.3% from August, according to the data provided by the Croatian National Bank (HNB).
The increase was mostly the result of the government's foreign currency deposits with the HNB following the disbursement by the European Commission of €818.4 million as an advance payment for the purposes of the National Recovery and Resilience Plan.
Gross international reserves have increased by €5.4 billion or 28.6% since the start of the year.
All adequacy indicators of the country's gross international reserves suggest that they are sufficient to ensure the smooth running of the central bank's monetary policy.
Net reserves remained almost the same as in August, at €19.5 billion, the HNB said.
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