The foreign exchange reserves of the National Bank of Romania (BNR) stood at EUR 35 billion in February, up 4.7 percent compared to the previous month.

The central bank said that during the month EUR 2.8 billion worth of inflows were recorded. They represented changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts (including the amount resulted from the Ministry of Public Finance’s Eurobond issues with a nominal value of EUR 2 billion), inflows into the European Commission’s account and other.

The outflows reached EUR 1.24 billion, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other external obligations in foreign currencies (EUR 512 million) and other.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3.6 billon, according to the BNR.

During March 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 96 million.

 

The post BNR’s forex reserves up 4.7 pct to EUR 35 bln in February appeared first on Business Review.