BNR’s foreign currency reserves, down EUR 819 M in July

The foreign currency reserves of the National Bank of Romania (BNR) decreased by EUR 819 M in July, from EUR 32.96 bln to EUR 32.14 bln, as due payments to the account of the foreign currency denominated public debt amounted to EUR 127.92 M, reads a press release. In July, BNR had foreign currency inflows of EUR 1.3 bln, representing the modification of minimum foreign currency reserves made with crediting institutions, the cashing of the account of the European Commission and of the accounts of the Ministry of Public Finance, incomes from the administration of international reserves, and other sources. Over the same interval, the outflows from the foreign currency reserve amounted to EUR 2.11 bln, representing the modification of the cash reserves made by crediting institutions, payments of instalments and interests to the account of the public debt denominated in foreign currency, and others. The gold reserve stayed unchanged at 103.7 tons, worth EUR 4.41 bln at current international prices. The international reserves of Romania (foreign currencies plus gold) at July 31, 2012 amounted to EUR 36.55 bln, down from EUR 37.12 bln at June 30, 2012. The payments due in August to the account of public and publicly guaranteed debt denominated in foreign currency total EUR 942.61 M.

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