Central Bank forex reserves down 33 M euros in August


The National Bank of Romania’s (BNR) foreign exchange reserves were down by 33 million euros to 30.875 billion euros from 30.908 billion euros at end-July, show figures communicated by the Central Bank to AGERPRES on Monday.

August inflows into the BNR accounts totalled close to 1.13 billion euros representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts (including the amount resulted from the issuance of bonds on the domestic market of 250 million euros nominal value), inflows into the European Commission’s account a.s.o., the release said.

Outflows in August amounted to 1.16 billion euros, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt etc.

‘Regarding the interest and principal payments on the foreign currency public debt it includes the interest as well as the principal instalments on Romania’s loan from the International Monetary Fund, with the payments totalling 321 million euros equivalent’, the release adds.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to 3.254 billion euros.

The international reserves of Romania (foreign exchange and gold) on August 31 stood at 34.129 billion euros, compared to 34.132 billion at end-July.

‘The payments due on public and publicly guaranteed foreign currency denominated debt in September amount to approximately 579 million euros’, the release said.

 

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