The foreign exchange reserves of the National Bank of Romania (BNR) declined for the fifth month in a row to EUR 31.3 billion at the end of July, a EUR 388 million drop compared to the end of June.
According to the BNR, there were inflows of EUR 1.46 billion in July representing changes in credit institutions’ foreign currency-denominated required reserves, supplying the accounts of the Public Finance Ministry and other activities, while outflows reached EUR 1.85 billion, through changes in credit institutions’ foreign currency-denominated required reserves, as well as interest payments and principal repayments on foreign currency public debt, etc.
The gold stock remained unchanged at 103.7 tonnes, but its value declined to EUR 3.46 billon, according to the BNR.
For August 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to EUR 188 million.
The post Romania’s forex reserves down 1.22 pct in June to EUR 31.3 bln on public debt repayment appeared first on Business Review.