28.1 C
Bucharest
June 28, 2022
ECONOMY FINANCE&BANKING

Central bank foreign currency reserves up by 1.2 billion euros

The foreign currency reserves of the National Bank of Romania (BNR, the central bank) stood at 32.672 billion euros on 31 May, up by 1.2 billion from end-April, following the issuance of eurobonds with a nominal value of one billion euros by the Ministry of Public Finances, the BNR announced on Wednesday.

Inflows of 1.451 billion euros representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts (including the amount resulted from the aforementioned eurobonds), inflows into the European Commission’s account, etc.

Outflows of 250 million euros resulted from changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, etc.

The gold stock remained unchanged at 103.7 tonnes, worth 3.624 billion euros at the current international price.

Thus, Romania’s international reserves (foreign currencies and gold) stood at 36.296 billion euros on 31 May, up from 35.208 billion euros on 30 April.

Payments of 1.811 billion euros due in June on public and publicly guaranteed debt in foreign currency are a monthly peak in 2016, the BNR release mentions. Payments made in January-May for this debt amounted to 2.474 billion euros, and 2.921 billion euros more are due by the end of the year.

Related posts

PM Ciolos pays visit to Premium Aerotec, in context of new investments, development prospects at Ghimbav factory

Nine O' Clock

PM Ciuca: Danube River suspension bridge to be opened to traffic in December this year

NINE O'CLOCK

Romanian-Egyptian Joint Committee for Economic Cooperation meets in Bucharest after seven years of stagnation. Ministers Laufer, Nasr sign memoranda to strengthen cooperation between Romania and Egypt, mainly in agriculture, SMEs

Nine O' Clock