Romania’s forex reserves declined to EUR 32.8 bln in May on Eurobond repayment

Sorin Melenciuc 03/06/2019 | 14:12

The foreign exchange reserves of the National Bank of Romania (BNR) declined in May by EUR 856 million to EUR 32.83 billion due to Finance Ministry’s Eurobond repayment.

According to the BNR, there were inflows of EUR 1.111 billion in Mayl 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 1.967 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.

“Interest payments and principal repayments on foreign currency public debt amounted to approximately EUR 1,186 million, of which principal repayments and interest payments to the European Commission by the Ministry of Public Finance came in at EUR 1,039 million,” the bank said.

The gold stock remained unchanged at 103.7 tonnes, but its value slightly rose to EUR 3.88 billon in May, according to BNR.

In June, the payments due on the forex public and publicly guaranteed debt amount to EUR 104 million.

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