Gross international reserves increased by 19.0% y/y to US$ 4.1bn in April 2021 according to NBG. On a monthly basis, the reserves were up by 0.9% (+US$ 34.9mn). Notably, NBG sold US$ 82.9mn in April via FX auction. Changes in reserves were attributed to the government and banking sector FX operations, and/or asset revaluation.
