The foreign exchange reserves of the National Bank of Romania (BNR) declined for the sixth month in a row in August to EUR 31.06 billion, a EUR 4 billion drop compared to the end of February.
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.
According to the BNR, there were inflows of EUR 837 million in August representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts, and other.
But outflows amounted EUR 1.155 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.
The gold stock remained unchanged at 103.7 tonnes, but its value slightly declined to EUR 3.45 billon, according to the BNR.
In September 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to EUR 199 million.