Romania’s forex reserves slightly rose in November to EUR 32.5 bln

Sorin Melenciuc 03/12/2018 | 13:45

The foreign exchange reserves of the National Bank of Romania (BNR) rose in November for the third month in a row, by EUR 162 million (0.5 percent) up to EUR 32.53 billion.

According to the BNR, there were inflows of EUR 931 million in November representing changes in credit institutions’ forex required reserves, inflows into the Finance Ministry’s accounts and other.

In the same time, outflows amounted EUR 769 million 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 foreign exchange reserves declined by EUR 4 billion between February and August 2018.

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

The gold stock remained unchanged at 103.7 tonnes, but its value slightly rose to EUR 3.6 billon in November, according to BNR.

In December 2018, the payments due on the forex public and publicly guaranteed debt amount to EUR 137 million.

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