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May 17, 2021

BNR’s hard currency reserves fell by EUR 386 M in June

The hard currency reserves of the National Bank of Romania (BNR) fell by EUR 386 M in June, from EUR 26.852 bln to 26.466 bln, amid inflows equal to EUR 1.549 bln and outflows worth EUR 1.935 bln, according to a BNR press release. The central bank says the inflows came from the change in the minimum hard currency reserves required of credit institutions, the money supply into the Finance Ministry account, revenues from the management of international accounts, inter-banking operations and others.

The outflows were due to modified minimum hard currency reserves of credit institutions, the impact of the trend of bond prices on international markets and that of exchange rates of the hard currencies constituting Romania’s international reserves, the payment of instalments and interest afferent to the direct state-guaranteed foreign public debt, operations on the inter-banking market.

The gold reserve stayed at 103.7 tons, its worth down to EUR 2.224 bln, from EUR 2.309 bln the previous month.

Romania’s international reserves, currency and gold reserves respectively, stood at EUR 28.690 bln, down EUR 471 M, from EUR 29.161 bln in late May.

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