NBR forex reserves fall by 2.5 percent to EUR 32.1 bln in July

Newsroom 08/08/2012 | 09:07

The National Bank of Romania’s (NBR) foreign exchange reserves stood at EUR 32.1 billion in July, decreasing by 2.5 percent from the previous month, while the gold stock of 103.7 tonnes rose by 7.3 percent to EUR 4.4 billion.

Romania registered capital inflows of EUR 1.2 billion that represented changes in the forex reserves of credit institutions, inflows in the accounts of the Ministry of Finance and the European Commission and income from the management of forex reserves.

Outflows of EUR 2.1 billion went for the payment of interest and principal forex public debt, also accounting for changes in the forex reserve requirements of credit institutions.

The country’s international reserves, which include forex and gold, fell by 1.5 percent to EUR 36.554 billion against the previous month.

Payment due on public and publicly guaranteed foreign currency denominated debt amounts to EUR 942.6 million in July.

Ovidiu Posirca

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