Romania’s forex reserves declined to EUR 32.6 bln in June

Sorin Melenciuc 01/07/2019 | 14:54

The foreign exchange reserves of the National Bank of Romania (BNR) declined in June by EUR 265 million to EUR 32.57 billion.

According to the BNR, there were inflows of EUR 1.025 billion in June representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts and the European Commission’s account, and other.

In the same time, outflows amounted EUR 1.29 billion last month, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt, and other.

In May, the forex reserves of the central bank declined by EUR 856 million due to Finance Ministry’s Eurobond repayment.

The gold stock remained unchanged at 103.7 tonnes, but its value rose to EUR 4.14 billion in June, according to BNR.

In July, the payments due on the forex public and publicly guaranteed debt amount to EUR 87 million.

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