BNRaa‚¬a„¢s foreign exchange reserves approach EUR 30 billion

Newsroom 08/03/2010 | 14:11

The National Bank of Romania’s foreign exchange reserves stood at EUR 29.739 billion at the end of February, up from EUR 28.037 billion at the end of January. The month saw inflows worth just over EUR 3 billion, representing the third and fourth tranches of the country’s stand-by agreement, changes in the foreign exchange reserve requirements for credit institutions, inflows in the Ministry of Public Finances’ accounts and income from the management of foreign exchange reserves.

Outflows worth EUR 1.3 billion included changes in the foreign exchange reserve requirements of credit institutions, payments from the European Commission’s account, and interest and principal payments on public and publicly guaranteed external debt. The gold stock held steady at 103.7 tons. However, following the change in the international price of gold, its value amounted to EUR 2.726 billion.

Romania’s international reserves (foreign currencies and gold) stood at EUR 32.465 billion at the end of February, compared to EUR 30.623 billion a month earlier.