International Investment Position of Serbia
Intoduction T he International Investment Position (IIP) of the Republic of Serbia is prepared quarterly and represents the state at the end of the period, which is the result of realized balance of payments transactions, currency changes, price changes, and other changes, and represents the balance sheet of its external financial assets and liabilities. The standard components of IIP are structured primarily on assets and liabilities and on a functional basis on direct investments (equity and debt instruments), portfolio investments (equity and debt securities), financial derivatives and other investments (other equity capital, ready money and deposits, loans, insurance and pension programs and standardized guarantee schemes, trade credits and advances, other claims/ debts, and SDRs allocation) and foreign exchange reserves (monetary gold, special drawing rights, reserve position with the IMF, other reserve assets, cash and deposits, securities, financial derivatives, and other receivables). The definitions of the standard components of IIP are fully methodologically harmonized with the components of the financial account of the balance of payments. In IIP, the following sectors are shown separately: central banks, states, depository institutions other than the central bank, and other sectors. IIP components (where it makes sense) are also shown according to original maturity, with a division into short-term (up to one year) and long-term (over one year) financial assets and liabilities. The main sources of data for the IIP are reports on credit and financial transactions submitted to the NBS, statistical data on foreign payment transactions carried out through banks and the NBS, direct reports of companies, reports of monetary and financial statistics of the NBS, and management of foreign exchange reserves.
