Romania’s foreign currency reserves grow to 32.46 bln euros

2 martie 2010

Information in English

Romania’s foreign currency reserves grew to 32.46 billion euros on Feb. 28, compared to 30.62 billion euros on Jan. 31, 2010, following the transfer of tranches three and four by the International Monetary Fund (IMF) into Romania’s National Bank (BNR) account.

On Feb. 28, 2010 BNR foreign currency reserves stood at 29.73 billion euros from 28.03 billion euros on Jan. 31, 2010. “Inflows totalled 3.002 billion euros, representing the third and fourth tranches afferent to the Stand-By Agreement, the modification of the banks’ minimum mandatory foreign currency reserves, transfers into the accounts of Romania’s Ministry of Public Finance, revenues from administering international reserves and others.

Outflows of 1.30 billion euros were generated by the change of the minimum foreign currency reserves mandatory for the credit institutions, installments and interest payments for the public debt, but also payments from the account of the European Commission, etc.”, BNR informs in a release remitted on Monday. The gold reserve idled at 103.7 tons, but the evolution of international prices increased its value to 2.72 billion euros.

Romania’s international reserves – foreign currency and gold – stood on Feb. 28, 2010 at 32.465 billion euros from 30.623 billion euros on Jan. 31, 2010. Due payments in March 2010 on the account of the foreign public debt, direct or guaranteed by MFP, amount at 80 million euros.


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