Romania’s forex reserves drop to EUR 30.9 bn in July


In July 2014, the forex reserves of the National Bank of Romania (BNR) amounted to EUR 30.90 billion, down 328 million euros from the 31.23 billion euros registered on June 30, 2014, the central bank announced.

July’s inflows amounted to 746 million euros, representing changes in the forex reserve requirements for credit institutions, feeds into the accounts of the Ministry of Public Finance and others.

Outflows in the same month stood at 1.074 billion euros, as an effect of the coming in force of the decision to reduce the required reserve ratio for the banks’ forex liabilities from 18 pct to 16 pct as of July 24 – August 23, 2014, of the change of the foreign currency reserve requirements for the banks’ forex liabilities, interest and principal payments on account of the public debt denominated in foreign currency, payments from the European Commission’s account a.s.o.

The gold stock kept steady at 103.7 tonnes, worth 3.22 billion euros, as a result of movements of international prices.

Romania’s international reserves (foreign currencies and gold) as of July 31, 2014 stood at 34.132 billion euros, compared to 34.442 billion euros on June 30, 2014.

Payments due this August on account of the public and publicly guaranteed debt in foreign currency amount to roughly 487 million euros, informs the BNR release.

 

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