Foreign Exchange Reserves, Including Gold (Months of Imports) rose 13.6% to 3.87 months in Montenegro in 2017

Foreign Exchange Reserves, Including Gold (Months of Imports) (months)
Economy | Montenegro | May 17, 2019
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Excel Sheet

Foreign exchange reserves, including gold in terms of months of imports reached 3.87 months in 2017 in Montenegro, according to the National Statistical Office. This is 13.6 % more than in the previous year.

Historically, foreign exchange reserves, including gold in terms of months of imports in Montenegro reached an all time high of 3.87 months in 2017 and an all time low of 1.18 months in 2008. When compared to Montenegro's main peers, foreign exchange reserves, including gold in terms of months of imports in Albania amounted to 6.58 months, 7.14 months in Bosnia and Herzegovina, 7.29 months in Croatia and 4.96 months in Serbia in 2017.

Montenegro has been ranked 80th within the group of 143 countries we follow in terms of foreign exchange reserves, including gold in terms of months of imports, 35 places above the position seen 10 years ago.

Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.

Foreign Exchange Reserves, Including Gold (Months of Imports) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania months 4.23 5.04 5.40 4.87 7.04
Bosnia and Herzegovina months 4.66 5.25 5.87 5.30 6.35
Croatia months 6.05 6.73 7.91 6.52 7.37
Greece months 0.793 1.13 0.779 0.818 1.00
Hungary months 4.29 4.34 4.41 3.76 3.43
Italy months 2.72 3.34 2.70 2.62 2.78
Kosovo months 2.19 3.20 3.15 2.40 2.83 ...
Macedonia months 4.36 5.01 4.61 4.56 4.22
Montenegro months 1.50 1.90 2.39 2.65 3.35
Romania months 6.88 7.15 6.88 5.83 5.75
Serbia months 7.32 7.17 7.03 5.43 5.85
Slovenia months 0.314 0.337 0.322 0.338 0.318