Foreign reserves down more than EUR 300 M in March


On March 31, 2014 National Bank of Romania’s foreign exchange reserves stood at EUR 31,276 M, compared to EUR 31,653 M on February 28, 2014, a press release informs. During the month, EUR 1,733 M inflows took place, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts a.s.o. Also, EUR 2,110 M outflows occurred, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt a.s.o. The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,134 M. The international reserves of Romania (foreign currencies and gold) on March 31st 2014 stood at EUR 34,410 M, compared to EUR 34,860 M on February 28th 2014. During the month of April 2014, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 393 M.

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