ECONOMY FINANCE&BANKING

BNR’s currency reserves down by 4.6 pct to 33.2 bln euro in September

The National Bank of Romania currency reserves stood at 33.30 billion euro on September 30, down by 4.67 pct as compared to the level at the end of the previous month, reads a press release of the institution issued on Monday.

An inflow of 965 million euro occurred in September, representing the adjustment of the minimum currency reserves set up by credit institutions, the endowment of the Public Finance Ministry’s accounts, the endowment of the European Commission’s account and others. At the same time, there have been outflows of 2.6 billion euro, representing the adjustment of the minimum currency reserves set up by credit institutions, interest and interest rate payments in the account of the foreign currency denominated public debt and others.

“Payments of interest and interest rate in the account of the foreign currency denominated public debt totalled around 1.385 billion euro, of which reimbursements of capital and interest corresponding to the loan taken by the Finance Ministry from the European Commission in 2009, of 1.177 billion euro. The gold reserve stood at 103.7 tons. Given the evolution of international prices, its value leveled off at 3.639 billion euro,” BNR informs.

Romania’s international reserves (currency plus gold) peaked at over 36.959 billion euro on September 30, 2017, as compared to 38.62 billion on August 31, 2017.

Overdue payments in October 2017 in the account of the foreign currency denominated public debt, direct or guaranteed by the Public Finance Ministry amount to 263 million euro.

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