Romania’s international reserves increased to EUR 36.7 bln in August

Newsroom 01/09/2011 | 15:18

Romania’s foreign exchange reserves totaled EUR 32.5 billion, at the end of August 2011, decreasing by EUR 130 million from the previous month, according to data from the Romanian Central Bank.

Inflows stood at about EUR 1.1 billion . Outflows were about EUR 1.2 billion, representing mainly interest and principal payments of foreign currency public debt.

The gold reserve has been maintained at 103.7 tons and registered an increase in value due to a positive international context reaching EUR 4.21 billion.

Romania’s international reserves, including currency and gold, reached EUR 36.7 billion at the end of August, increasing by EUR 319 million from the previous month.

The central bank data state that payments on public and publicly guaranteed foreign currency denominated maturing debt will amount to EUR 100.4 million in September.

Ovidiu Posirca

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