ECONOMY FINANCE&BANKING

BNR forex reserves go up 0.8pct in January

The National Bank of Romania’s foreign exchange reserves in January 2017 stood at EUR 34,518 million, up 0.8 percent, compared to EUR 34,242 million on December 31, 2016, reads a BNR release issued on Wednesday.

During the month, the following flows have taken place: EUR 775 million inflows, representing inflows into the European Commission’s account, changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finance accounts a.s.o.; EUR 499 million outflows, 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 remained unchanged at 103.7 tones. However, following the change in the international price of gold, its value amounted to EUR 3,733 million. The international reserves of Romania (foreign currencies and gold) on January 31, 2017 stood at EUR 38,251 million, compared to EUR 37,905 million on December 31, 2016,” the document shows.

During the month of February 2017, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 196 million.

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