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March 27, 2023

Romania’s liquidity reserves, higher than expected

The USD 2.25 bln that Romania borrowed from the US in the first two months of the year has consolidated the state treasury’s liquidity reserve that has reached a level higher than expected and that gives Romania a comfortable position, Finance Minister Bogdan Dragoi stated for ‘Ziarul Financiar.’ He admits that such a consistent liquidity reserve entails costs too, however says that they are worth paying because the buffer will protect Romania. The IMF has asked for a liquidity reserve that would allow the Finance Ministry to cover all current payments for four months without accessing the market.

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