24.5 C
Bucharest
September 29, 2022
BUSINESS

BNR reserve down in February to EUR 32.06 bln

The National Bank of Romania (BNR)’s foreign currency reserve dropped, in February, by EUR 621 M, at EUR 32.068 bln, as incoming funds were almost twice lower than outgoing funds, according to data released, yesterday, by the central bank. EUR 750 M found its way into the bank reserve, resulting from the modification of the credit institutions’ foreign currency reserve requirements, payments to the Ministry of Public Finance, revenue from the management of international reserves, etc. In the first month of 2011, BNR’s foreign currency reserve rose by EUR 257 M, owing to the transfer of an approx. EUR 900 M-instalment by the IMF. The gold reserve remained steady in February, at 103.7 tonnes and, owing to price fluctuations on the international market, its value rose from EUR 3.258 bln to EUR 3.399 bln. Romania’s international reserve (foreign currency plus gold) amounted, at the end of February, to EUR 35.46 bln, ebbing from EUR 35.9 on January 31, 2011.

Related posts

NEWS IN BRIEF

Test

Fairo, the free app for freelancers, launched an exclusive automatic invoice status tracking feature called FairoSync

NINE O'CLOCK

Victor Geus appointed General Manager of GSK Consumer Healthcare regional division

Nine O' Clock