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September 25, 2022
ECONOMYFINANCE&BANKING

BNR’s foreign exchange reserves down by 203 million euros in September

The foreign exchange reserves of the National Bank of Romania (BNR, the central bank) stood at 29.138 billion euros at end-September, down by 203 million euros, from 29.341 billion euros on August 31, according to data released on Thursday by BNR.
In September there were inflows of 200 million euros, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts, inflows into the European Commission’s account, and more. During the same period there were 403 million euros outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, and more.
Regarding the interest and principal payments on the foreign currency public debt, this included the principal installments on Romania’s loan from the International Monetary Fund, with the BNR’s payments totaling approximately 120 million euros equivalent.
The BNR’s gold reserve remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to 3.337 billion euros.
On September 30, Romania’s international reserves (foreign currencies and gold) stood at 32.475 billion euros, compared to 32.669 billion euros on August 31.
For the month of October 2015, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately 264 million euros.

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