Foreign exchange reserves of BNR reached EUR 31.77 bln in October

The foreign exchange reserves of the National Bank of Romania (BNR) continue their downward trend experienced these months. In October, they dropped to EUR 31.77 bln, from EUR 32.42 bln on September 30, the Central Bank announced yesterday in a press release. The inflows in October amounted to EUR 2.27 bln, representing changes in the foreign exchange reserve requirements of credit institutions, inflows into the Ministry of Public Finance’s accounts, income from the management of foreign exchange reserves. Outflows amounted to EUR 2.92 bln, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, a.s.o.The gold stock has held steady at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 4.407 bln. The international reserves of Romania (foreign currencies and gold) on October 31, 2012 stood at EUR 36.177 bln, compared to EUR 37.011 bln on September 30, 2012. During the month of November 2012 the payments due on public and publicly guaranteed foreign currency denominated debt amount to EUR 1.725 bln.

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