Romania’s forex reserves rose by EUR 1.66 bln in April on Eurobond issues

Sorin Melenciuc 02/05/2019 | 14:11

The foreign exchange reserves of the National Bank of Romania (BNR) rose in April by EUR 1.66 million to EUR 33.69 billion due to Finance Ministry’s Eurobond issues.

According to the BNR, there were inflows of EUR 3.522 billion in April representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Finance’s accounts – including the amount resulting from the Ministry of Finance’s EUR 3 billion-Eurobond issues -, and other.

In the same time, outflows amounted EUR 1.862 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 3.82 billon in April, according to BNR.

In May, the payments due on the forex public and publicly guaranteed debt amount to EUR 1.19 billion.

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