The forex reserves of the NBR fell by 657 million Euros

Elena Voinea (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 2 noiembrie 2012

In October, the forex reserves of the National Bank of Romania (NBR) fell to 31.77 billion Euros, from 32.42 billion Euros on September 30th, according to a press release of the institution.

The inflows amounted to 2.27 billion Euros, representing the change in the level of the minimum forex reserves set up by credit institutions, and the crediting of the account of the Ministry of Public Finance, revenues from the management of international reserves and others.

The outflows amounted to 2.92 billion Euros, representing the change of the minimum reserves set up by lenders, payments of installments and interest on the public debt denominated in foreign currencies and others.

The gold reserves stood at 103.7 tons, and based on the evolution of the price of gold on the international markets, its value reached 4.40 billion Euros.

On October 31st, Romania's international reserves (foreign currency and gold) reached 36.17 billion Euros, down from 37.01 billion Euros on September 30.

The payments coming due in November this year, to service the public debt and publicly guaranteed debt denominated in foreign currency amount to 1.72 billion Euros.

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