The National Bank of Romania (NBR) said on Friday its foreign exchange reserves reached EUR 32.5 billion in December 2013 compared with EUR 32.4 billion in the previous month.
Romania has registered EUR 1.4 billion in inflows last month, accounting for changes in FX reserve requirements of credit institutions and inflows into the accounts of the European Commission and Ministry of Public Finance.
Meanwhile, the country has recorded EUR 1.3 billion in outflows, representing changes in FX reserve requirements of credit institutions and interest and principal payments on foreign currency public debt.
In December, Romania paid an installment worth EUR 348 million to the IMF, in the account of a wider loan worth EUR 20 billion taken out in 2009 from the IMF, the World Bank, the EBRD and the European Commission. The international loan was used to shore up Romania’s public finances.
This month, the payments due on public and publicly guaranteed foreign currency denominated debt amount to around EUR 257 million.
According to the central bank, the gold stock remained unchanged at 103.7 tons, with a market value of EUR 2.9 billion.