14.3 C
Bucharest
September 21, 2020
ECONOMY FINANCE&BANKING

BNR’s foreign currency reserves up 1.3pct to 33.494 billion euro, in December

National Bank of Romania’s (BNR) foreign currency reserves accounted for 33.494 billion euro on December 31 2017, up 1.3 per cent from November, but down 2.1 per cent compared with the same period of 2016, reads a press release of the institution on Wednesday remitted to AGERPRES.

On November 30 2017, BNR’s foreign currency reserves accounted for 33.062 billion lei and exceeded 34.242 billion lei in end-2016.

December inflows accounted for 2.424 billion euro, representing the modification of the minimum reserves in foreign currency of credit institutions, feeding of the accounts of the Ministry of Public Finance, the European Commission (1.045 billion euro) and others. On the other hand, outflows accounted for 1.992 billion euro, representing the modification of the minimum reserves in foreign currency of the credit institutions, payments of rates and interest rates in the public debt accounts and other external obligations denominated in foreign currency (including the payment to the Ministry of National Defence of 766 billion US dollars for the HSAM endowment programme) and others.

According to BNR, the gold stock maintained at 103.7 tonnes. Considering the development of the international prices, its value stood at 3.612 billion euro.

Romania’s international reserves (foreign currency and gold) accounted for 37.106 billion euro on December 31 2017, which is a higher amount compared with the 36.705 billion euro recorded on November 30 2017, but a smaller one compared with the 37.905 billion euro recorded on December 31 2016.

According to the BNR, the payment due in January 2018 in the public debt account denominated in foreign currency, direct or guaranteed by the Ministry of Public Finance accounted for a total of 122 million euro.

Related posts

Around 20pc of companies invested in boosting employees’ efficiency and productivity

Nine O' Clock

Fitch warns Romania pro-cyclical fiscal policy, rapid wage growths increase overheating risks

Nine O' Clock

Start of the sub-marine pipeline installation works within the Midia – MGD natural gas development project

NINE O'CLOCK