Romania’s forex reserves down 1.2 pct in May to EUR 33.1 bln

Sorin Melenciuc 04/06/2018 | 14:27

The foreign exchange reserves of the National Bank of Romania (BNR) declined for the third month in a row in May, by 1.2 percent month-on-month to EUR 33.539 billion, according to a central bank press release.

The central bank said that during the month EUR 2.184 billion worth of inflows were recorded, representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Finance’s accounts, inflows into the European Commission’s account and other.

The outflows reached EUR 2.6 billion, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.

The gold stock remained unchanged at 103.7 tonnes, but its value increased slightly to EUR 3.72 billon, according to the BNR.

During June 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to EUR 1.698 billion.

 

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