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Bucharest
October 25, 2020
ECONOMY FINANCE&BANKING

BNR’s reserves declined in May, amid the payment of public debt rates

On May 31, 2018, the foreign exchange reserves at the National Bank of Romania (BNR) were amounting to EUR 33.12 billion, compared to EUR 33.53 billion on April 30, 2018, according to a press release sent by the central bank on Monday.

During May, there have been “inputs of EUR 2.18 billion, representing the change of the minimum foreign exchange reserves constituted by the credit institutions, the feeding of the Ministry of Public Finance’s accounts, the feeding of the European Commission’s account and others”. At the same time, during May, there have been “outputs of EUR 2.6 billion, representing the change of the minimum foreign exchange reserves constituted by the credit institutions, payments of the rates and interests in the public debt’s account, denominated in foreign currency, and others” the press release reads.

According to BNR, the gold reserve remained at 103.7 tons. In the circumstances of the evolution of the international prices, its value was EUR 3.71 billion. Thus, Romania’s international reserves (currencies plus gold) on May 31, 2018 were EUR 36.84 billion, compared to EUR 37.16 billion on April 30, 2018.

“Payments maturing in June 2018 for public debt denominated in foreign currency, which are direct payments or payments guaranteed by the Ministry of Public Finance, amount to about EUR 1.698 billion”, the central bank also said.

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