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Fitch: Denar remains stable, banking system reaffirms the resilience to pandemic shock

The denar remains stable - the fixed exchange rate is a key anchor of the stability of the Macedonian economy. The foreign reserves reached Euro 3.7 billion in September and given the good external position, we expect that they will remain stable in 2022 and 2023, maintaining adequate coverage. The external risks are further mitigated by the repo line approved by the European Central Bank to the National Bank. These are some of the findings of the credit rating agency Fitch, presented in the report which confirms the credit rating of the country, the National Bank said in a press release on Saturday.

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