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September 23, 2020
ECONOMY FINANCE&BANKING

BNR: Romania’s forex reserves decline to 33.539 bln euro, in April

The forex reserves of the National Bank of Romania (BNR) decreased by 3.41 percent, to 33.538 billion euro in April, as compared to the end-March level, reads a press release of the institution issued  on Wednesday.

Inflows recorded in April amounted to 589 million euro, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finance’s accounts, into the European Commission’s accounts, a.s.o.

Outflows stood at 1.776 billion euro, representing changes in the minimum foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt and others. Interest and principal payments on foreign currency public debt totalled around 1.416 billion euro, of which the repayment of principal and interest on the loan taken by the Ministry of Public Finances from the European Commission in 2009 was 1.238 billion euro.

According to BNR, the gold stock remained unchanged at 103.7 tonnes, priced at 3.626 billion euro, given the evolution of international prices.

Romania’ international reserves (foreign currencies and gold) at April 30, 2017 stood at 37.165 billion euro, compared with 38.309 billion euro at March 31, 2018.

Payments due this May on public and publicly guaranteed foreign currency denominated debt amount to roughly 157 million euro.

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