ECONOMY FINANCE&BANKING

BNR’s foreign currency reserves grow by 0.57 pct in March

The National Bank of Romania (BNR)’s foreign currency reserves increased in March by 0.57 pct to 34.695 billion euro, as compared to this years’ February level, reads the institution’s press release issued on Monday.

In March, there were inflows of 853 million euro that represent the change in the foreign currency minimum reserves set up by credit institutions, the inflow into the Ministry of Public Finance’s accounts (including the amount resulting from the bonds issue on the domestic market in nominal value of 240 million euro), the inflow into the European Commission’s account and more.

There were also outflows of 653 million euro, representing changes in the foreign currency minimum reserve requirements of credit institutions, payments of installments and interest on public debt denominated in foreign currency and others.

The gold reserve stood at 103.7 tonnes. Given the evolution of international prices, its value maintained at 3.877 billion euro. Romania’s international reserves (foreign currencies and gold) were 38.572 billion euro on March 31, 2017, in comparison with 38.435 billion euro on February 28, 2017.

Payments due in April 2017 on behalf of the public debt denominated in foreign currencies, direct or guaranteed by the Ministry of Public Finance, amounts to about 198 million euro.

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