ECONOMY FINANCE&BANKING

BNR forex reserves up 457 million euro in March

The National Bank of Romania (BNR) foreign exchange reserves stood at EUR 31,282 million at end-March 2016, up by 457 million euro, from 30,825 million euro at end-February 2016, a press release by the central bank (National Bank of Romania, BNR) sent to Agerpres on Friday informs.

In March 2016, there were EUR 1,389 million inflows, 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 a.s.o.

On the other hand, the bank recorded EUR 932 million outflows, representing the entering into force of the decision to cut the minimum reserve requirement ratio on foreign currency-denominated liabilities of credit institutions, 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 remained unchanged at 103.7 tones and following the change in the international price of gold, its value went up to EUR 3,618 million.

The international reserves of Romania (foreign currencies and gold) on 31 March 2016 stood at EUR 34,900 million, compared to EUR 34,597 million on 29 February 2016.

The due payments on public and publicly guaranteed foreign currency denominated debt in April 2016 count for rd 203 million euro.

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