Romania’s forex reserves rose in September for the first time in the last 7 months

The foreign exchange reserves of the National Bank of Romania (BNR) rose in September for the first time in seven months, by EUR 361 million up to EUR 31.42 billion.

The foreign exchange reserves declined by EUR 4 billion during the previous six months.

At the end of February 2018, Romania’s foreign exchange reserves amounted EUR 35.07 billion, but since then their value has dropped each month until September.

According to the BNR, there were inflows of EUR 1.418 billion in September representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Finance’s accounts, and other.

In the same time, outflows amounted EUR 1.057 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.

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The gold stock remained unchanged at 103.7 tonnes, but its value slightly declined to EUR 3.4 billon, according to BNR.

In October 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to EUR 409 million.