NBR forex reserves up 4.75 percent to EUR 32.4 bln in September

Newsroom 02/10/2012 | 10:14

The National Bank of Romania‘s (NBR) foreign exchange (forex) reserves stood at EUR 42.4 billion in September, up 4.75 percent from the previous month, due to a successful bond issuance.

Romanian registered capital inflows of EUR 2.8 billion representing changes in forex reserve requirements of credit institutions and inflows into the Ministry of Public Finance‘s accounts. Around EUR 812 million were raised from a bond issuance on the foreign market. Income from the management of forex reserves added to the inflows.

The outflows of EUR 1.4 billion represented payments of interest and principal on foreign currency public debt, changes in forex reserve requirements of credit institutions and payments from the European Commission’s account.

NBR data shows data shows that payments due on public and publicly guaranteed foreign currency denominated debt amounted to EUR 122.3 million in August.

The gold stock remained stable at 103.7 tones and its value amounted close to EUR 4.6 billion.

The international reserves of Romania, including foreign currencies and gold, gained 4.5 percent to EUR 37 billion in September.

Ovidiu Posirca

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