BUSINESS

BNR invests in Japanese yen

The National Bank if Romania (BNR) in 2011 abandoned the investments in T-bills with discount issued by the US Treasury, preferring the coupon bonds that bring a fixed interest, reads a report issued by the Bank’s auditor, published by the Official Gazette in its issue 2805/30.07.2012, quoted by HotNews.ro. On the other hand, the institution led by Mugur Isarescu prefers the discount bonds issued by Japan, in which it invested over EUR 1 bln last year. The incomes generated by exchange rate differences halved (from over RON 2 bln in 2010 to RON 1.2 bln in 2011). At the end of last year, the term deposits with international institutions included the deposit made in a financial institution outside the European Union, worth RON 6.582 bln (EUR 1.5 bln) and GBP 20 M (on 31 December 2010 there were EUR 3.63 bln, USD 365 M and JPY 150 bln). Last year, BNR achieved a gross profit worth RON 301.4 M (EUR 70 M), almost five times smaller than the result reported for 2010. Also at 31 December 2011, the Central Bank had foreign gold deposits worth RON 10.352 bln (at 31 December 2010 the gold reserve was evaluated at RON 8.9 bln), weighing 103,544.3 kg.

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